By Dan Darrow
December 13th, 2022
Intraday Update: OKTA, HON
A cooler-than-expected CPI reading this morning has led to a sharp move across the market, and with QQQ/SPY up significantly early, many stocks are seeing similarly sizable moves. It will likely be a busy session of update, but there are two positions that need to be managed early:
- OKTA is into the second roll range, so the plan will be to close the Jan20 $70 - $75 call spread roll up to book the fast winner.
- HON is popping along with the market, and the bear thesis is no longer valid. The Jan20 $210 - $200 put spread needs to be closed early as the trade has changed.
Trader Author Portfolio Holdings
**As of the date and time of publication