By Dan Darrow
October 10, 2022
Intraday Update: MRNA
MRNA is doing it again. While there is no company-specific news driving the stock up ~4% this morning, the big rally to start the week is slightly changing the bearish pattern pre-trade initiation. The stock is not at the 126.75 technical stop, but it is getting close, so we will need to hold off initiating the Nov18 put spread trade for now. If MRNA slides back below 120 later today or tomorrow, we will revisit a bearish strategy.
Trader Author Portfolio Holdings
**As of the date and time of publication