July 14, 2022
Intraday Update: STZ
After opening down >1%, STZ has staged a huge intraday rebound, and the stock is closing in on the 250 initial target range in afternoon trading. Following the huge reversal, we will work a little quicker to lock in money on the Aug19 $250 - $255 call spread and roll up to a low debit Aug19 $255 /$260 /$265 standard ratio call fly. The next target will be 255+.
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
