Intraday Update: ORCL

By Dan Darrow

September 12, 2022

Intraday Update: ORCL

ORCL's nearly 2% rally has skewed the Sep23 strangle much more in favor of the bull side, and that is not what we wanted for the strategy. A relatively balanced 50/50 split is more ideal for this setup, so we need to adjust the contracts for the trade. The new strategy will be:

Long Sep23 $80 - $84 call spread
Long Sep23 $74 - $69 put spread

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

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