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By Dan Darrow

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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  • HON is popping along with the market, and the bear thesis is no longer valid.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.

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

DISCLOSURES