By Dan Darrow

August 25, 2022

Intraday Update: MDB

I've been waiting to see if the volume picked up on the MDB Sep09 options and the bid/ask spreads tightened to provide a better entrance opportunity, but the action has remained quiet on that expiration period. The stock is up today following SNOW's report, but there is still room for MDB to work higher from here. We will adjust the strategy to a Sep16 $370 - $380 call spread, but this should be viewed as slightly more speculative now. We will still be targeting a rally over the next several session and the stop will be a 30-40% net debit loss.

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