By Dan Darrow

August 16, 2022

Intraday Update: MPC

Let's lock in some more money on MPC. The stock is nicely above 100 this morning, and the Sep16 $100 - $105 call spread roll up has gained along with it. The plan will be to close the current spread and roll up to a lower debit Sep16 $105/$110/$115 call fly. This is a standard ratio fly (1x2x1) with an initial target of 105.50+ or a 70-80% net debit gain.

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