By Dan Darrow
October 04, 2022
Intraday Update: KSS, GME
A lot of bear trade roll downs are seeing their tightened technical stops get hit today as the indices break the recent downtrend. It's a tough spot because on one hand, we want to respect the stops and close positions as stocks reclaim key levels, but on the other hand, these fast bounces have tended to fizzle fast in this market, and we want to have bear exposure on to capitalize on pullbacks. With that in mind, we will close the remainder of the KSS Oct21 $25 - $22.50 put spread as it hits the tightened stop, but we will give the GME Oct21 $25 - $20 put spread slightly more room. The new stop for GME will be at 28.75.
Trader Author Portfolio Holdings
**As of the date and time of publication