By Dan Darrow

September 27, 2022

Intraday Update: MA

After a green start, MA has turned lower in early afternoon action, and the drop below 287 is nailing the initial target for the trade. The plan will be to close the Oct21 $287.50 - $280 put spread and roll down to an Oct21 $275. - $270 put spread. The next target is <277. The bull portion of the strangle will remain open for now.

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