By Dan Darrow

October 20, 2022

Intraday Update: RH

Another big morning rally has fizzled, and indices are losing steam quickly into the afternoon. RH is beginning to slide below last week's low and it is into the initial target range (<232). The plan will be to close the current Nov18 $230 - $220 put spread and roll down to a Nov18 $220/$210/$200 put fly (standard ration 1:2:1). The next target will be <220 or a 70%+ gain for the put fly.

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