August 10, 2022

Intraday Update: HACK

After a long hold, it is time to lock in some more gains on HACK. The initial position was rolled up a month and a half ago, and we have been waiting for a decisive move above 50 to roll up again. A strong open has HACK near 51 early, so the Sep16 $50 - $55 call spread will be closed and a tighter Sep16 $52 - $55 call spread will be opened. The next target is 53+.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication