By Dan Darrow

October 18, 2022

Intraday Update: MDGL

Volume has finally started to come into the Nov18 options on MDGL, and the bid/ask spreads are tightening on out-of-the-money contracts. The Nov18 strangle has been on watch for a couple of weeks for an opportunity to initiate the trade, and the increase in volume this week is allowing us to enter. We need to slightly shift the action area of the strangle up to $4.50 - $5.75 to get involved, though.

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