By Dan Darrow

December 19, 2022

Intraday Update: UPST, ALLY

Two more early updates as indices slip red off the open:

  • Let's book the remainder of UPST. The stock is sinking under 15, and the Jan20 $15 - $12.50 put spread roll down is moving into the money. The trade will be closed to lock in the rest of the winner.
  • ALLY is steadily moving lower, so the plan will be to close the current Jan20 $25 - $22 put spread and roll down to a tighter Jan20 $24 - $22 put spread. The next target will be <23.75.

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