By Dan Darrow

August 16, 2022

Intraday Update: SOFI

Weakness across Tech this morning is weighing on many names that have had large recent runs, including SOFI. The stock has been retreating off its post-earnings high, and while it looked stable as it held the 8day ema the past few sessions, today's drop is sending it under that moving average and triggering the debit stop for the Sep16 $8 call. The position will be closed for now, and we can potentially revisit a new trade on this if it resets above 8 in the near term.

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