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+.
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**As of the date and time of publication