Intraday Update: MRNA - T3 Live

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By Dan Darrow

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October 12, 2022

Intraday Update: MRNA

MRNA is a tough stock! Twice in the last two months, we planned on opening a bearish trade on MRNA only to have to hold off following a large gap/run higher the morning of the initiation. Then, after patiently waiting for the stock to retrace back to 120 to reset the bear pattern, the Nov18 $115 - $105 put spread was opened yesterday, only to see the stock gap up significantly this morning on a headline announcing a MRK development/commercialization agreement. The frustrating turn of events means the MRNA Nov18 $115 - $105 put spread will be closed early off the open, and we will stop focusing on the stock in the near term due to the erratic trading.

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.".

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Trader Author Portfolio Holdings

**As of the date and time of publication

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Scott Redler, Derrick Oldensmith, and Patrick Hawe are associated members of T3 Trading Group, LLC (“T3TG”), a SEC registered Broker-Dealer & Member of FINRA SIPC. All trades made by Scott, Daniel, Derrick, and Patrick are placed through T3TG.

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