Intraday Update: SHOP

By Dan Darrow

October 26, 2022

Intraday Update: SHOP

SHOP is down ~2% in afternoon action and the proposed Nov04 strangle has shifted more in favor of the bear side ahead of earnings. We need to adjust the contracts of the trade to get the risk more balanced between both sides of the strangle. The new trade will be:

Long Nov04 $27.50 - $23.50 put spread
Long Nov04 $31 - $35 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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