Intraday Update: PINS

By Dan Darrow

October 20, 2022

Intraday Update: PINS

We are going to follow through on the PINS hedge idea mentioned in yesterday's letter. The plan for PINS will be to open a short-term, lower debit Oct28 $22 -$20 put spread hedge. This will go through SNAP numbers this afternoon and PINS own report next week (10/27), as well as peers META and GOOGL. The spread (if maxed out) will recoup the net debit of the Nov18 call 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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