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