By Dan Darrow
August 22, 2022
Intraday Update: HYG
More risk-off action is spilling across the market to start the new week, and HYG's continued slide is nailing the initial target zone (76.50) for the Oct21 $79 put. The plan will be to close the current put and roll down to a lower debit Oct21 $76 - $72 put spread. The next target will be <75.25.
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
