By Dan Darrow
December 01, 2022
Intraday Update: MSFT, ETSY, RCL
A couple of more early updates:
- We are going to book the fast trade on MSFT. The position was just rolled up yesterday, but now the second target is getting hit. The De30 $255 - $260 call spread roll up will be closed into strength to lock in the remainder of the trade.
- ETSY was a momentum-based revisit, but the stock is up too much already this morning to initiate the Dec30 call spread. We will need to hold off opening the trade for now, and we can watch for a pause/pullback to possibly revisit a new strategy.
- RCL gapped sharply above 60 this morning (which was our focus level), and it is not rolling over yet. The bull flag looks set to resolve higher, so we are going to open a Jan20 $60 - $67.50 call spread for a trade. This is a slightly tighter spread than the original trade idea.
Trader Author Portfolio Holdings
**As of the date and time of publication