August 08, 2022

Intraday Update: LCID

We can move forward with initiating the LCID Sep16 $18 - $13 put spread, but with the stock up >6% early, the stop will need to be adjusted. Because of the early strength, we will shift the technical stop for the bearish trade up to 20. The net debit loss will remain the same.

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