By Dan Darrow
September 23, 2022
Intraday Update: TGT, OKTA
Indices are staring at another red open as weakness post-FOMC continues. With the slide again this morning, there are a couple of positions that need managing early:
- TGT is indicating an open around 151, and the Oct21 $155 - $150 put spread roll down will be deep in-the-money. The remainder of the trade will be locked in early off the open, and we will wait for a new setup.
- OKTA is indicating an open around 53, nailing the <54 target mentioned in yesterday's letter. The Oct21 $55/$50/$45 put fly roll down will be closed into weakness, and we will wait for a new setup.
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
