Intraday Update: LCID, ZM

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By Dan Darrow

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October 25, 2022

Intraday Update: LCID, ZM

Two more morning updates:

LCID is at the stop level. The bounce this morning is sending the stock up near 14 and the Nov18 $12 - $10 put spread needs to be closed.
ZM is zooming into the mid-80s and the Dec16 $85 - $90 call spread portion of the strangle is now trading >$2.00. The plan will be to close the current spread and roll up to a Dec16 $95 - $100 call spread. The next target is >93. The bear portion of the strangle will remain open for now.

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* 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

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