By Dan Darrow

November 17, 2022

Intraday Update: MARA, BKR

Two more early updates following the weak open:

  • Let's lock in some money on MARA. The stock is not at the initial target zone yet, but the Dec16 $10 - $5 put spread is up significantly over a two-day stretch. The plan will be to close the current spread and roll down to a together Dec16 $7.50 -$5 put spread. The next target is <7 now.
  • BKR is at the debit stop loss zone. The stock has quickly reversed lower, and the move into the 200day sma coincides with the Dec16 $31 call hitting the debit stop. The trade will be closed this morning.

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