By Dan Darrow

August 25, 2022

Intraday Update: LCID, XLE

Two more early updates:

  • LCID has rebounded over the past couple of sessions, and after nearly breaking 16 to send the Sep16 $16 - $13 put spread roll down into the money, the stock is now hitting the recently tightened stop at 17. The remainder of the position will be closed this morning.
  • Let's lock in more money on XLE. Another strong run this morning as XLE above 84, and the Oct21 $83 - $88 call spread roll up is now nicely into the money. The plan will be to book more gains and roll up to a tighter Oct21 $85 -$88 call spread. The next target is 86+.

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