By Dan Darrow

September 22, 2022

Intraday Update: TGT

The TGT Oct21 $157.50 - $150 put spread was opened late in the afternoon, and the timing was perfect as the stock sank quickly into the close along with the overall market. With today's weak open, the put spread is now into the money and up sharply, so the plan will be to lock in some money and roll down to a lower debit Oct21 $155 - $150 put spread. The next target is <154.

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