August 08, 2022

Intraday Update: STZ

STZ is losing ground in afternoon action, and the late slide is sending the stock below the key 100day sma. The Aug19 $255/$260/$265 call fly was a low debit roll up after the stock popped quickly to 250+ in July. STZ has not managed to make a push above 250 since then, though, and with time running low and the stock losing moving average support, it is tough to justify continuing to hold the position. The remainder of the trade will be closed this afternoon.

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