By Dan Darrow
August 24, 2022
Intraday Update: RUN
RUN has followed DE from yesterday with a frustratingly fast rip off the open. The large run on RUN (no pun intended) has already sent the stock above the initial target range (>33.50) for the Oct21 $32.50 - $37.50 call spread, and while there may be some room left for the stock to move higher from here, it does seem as though we'd be chasing the pattern initiating a new higher strike spread. We are going to have to hold off opening the call spread this morning, and I will watch to see if there is an opportunity for a quick revisit if a new pattern emerges.
Trader Author Portfolio Holdings
**As of the date and time of publication