Intraday Update: UUP

By Dan Darrow

November 01, 2022

Intraday Update: UUP

UUP has recovered from its early dip, but the ETF has once again stalled around 30.05 ($.05 shy of our target). With a potentially volatile session coming up tomorrow, it makes sense to scale back risk slightly before 30.10 and the 20day sma. The plan will be to close the current Dec16 $28 call and roll up to a lower debit Dec16 $30 call. The next target will be 30.45+.

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

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