By Dan Darrow

October 02, 2022

Intraday Update: REGN

Goldman has given a big boost to REGN this morning. A large target increase has REGN up 5%+ early, and it has led to a sharp increase on the Oct21 $740 - $750 call spread. The bull flag looks close to resolving higher, so the plan here will be to lock in some money on the current spread and roll up to a tighter Oct21 $745 - $750 call spread. The next target is 740+. Because this trade expires in three weeks, it should be viewed as more speculative 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