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.

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