By Dan Darrow

August 22, 2022

Intraday Update: NVAX

Let's lock in some money on NVAX. The stock has dropped to the 35 initial target zone quickly this morning, so the plan will be to close the Sep16 $35 - $30 put spread portion of the strangle and roll down to a tighter Sep16 $32.50 - $30 put spread. The next target will be <31.75. The bull portion of the strangle will remain open for now.

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