July 26, 2022
Intraday Update: TWLO, GTLB, KR
A few more early updates:
- TWLO is dropping early (similar to other Software names) and it is below yesterday's low, so the Aug19 $105 - $110 call spread needs to be closed. If it sets up well closer to earnings, we can revisit a different strategy for the report.
- GTLB is also under pressure, and the move lower this morning is hitting the tightened stop for the Aug19 $65 - $70 call spread roll up. We can revisit another strategy on this if it decisively clears 60 in the near future.
- Let's lock in KR. The stock is under pressure this morning, and the move below 45 is sending the Aug19 $45 - $42 put spread roll down nicely into the money. The remainder of the position will be closed to lock in the trade.
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
