By Dan Darrow
November 29, 2022
Intraday Update: TNDM
Some money is flowing into Health Care early this morning, and TNDM is continuing to rally after closing around 41 yesterday. The bearish thesis hinges on the stock finding resistance near the 20day sma, so I think it makes the most sense to wait until it slides back to ~40 to initiate the Jan20 put spread. We will hold off opening the trade early this morning, and I will pass along an update when the trade lines up again.
* 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