August 03, 2022

Intraday Update: JWN

As mentioned in yesterday's note, JWN needed to be on close watch as the stock approached the key 200day sma, and unfortunately, a rally into that level today is triggering the stop for the trade. The Sep16 $22.50 -$ 17.50 put spread needs to be closed before the stock can trigger a major downtrend breakout.

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