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.
Trader Author Portfolio Holdings
**As of the date and time of publication