By Dan Darrow
August 30, 2022
Intraday Update: HYG, MDB
Two more updates after an already-busy morning:
- HYG has hit the next target zone this morning, so more money will be locked in on the trade. The plan will be to close the current Oct21 $76 - $72 put spread and roll down to a tighter Oct21 $75 - $72 put spread. The next target will be <74.25.
- MDB is at the debit stop for the Sep16 $370 - $380 call spread. MDB has turned lower over the past few sessions along with the overall market, and that has hurt the ramp into the report setup. The trade needs to be closed today and we can potentially look for a new setup after the numbers come out this week.
* 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