By Dan Darrow
November 08, 2022
Intraday Update: UUP, GILD
First off, I want to pass along a reminder that our next option session is this afternoon at 4:30 pm ET in the Options In Play room. I hope you all can make it!
- UUP is at the tightened stop level, so the Dec16 $30 call roll-up needs to be closed before a bigger breakdown can develop.
- Let's book the rest of GILD. The stock has extended sharply higher this week, and now the Dec16 $82.50 - $87.50 call spread is solidly into the money. The remainder of the trade will be closed into strength today, and we will wait for a new setup.
Trader Author Portfolio Holdings
**As of the date and time of publication