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!

There are two positions that need managing following a strong grind higher across the market this morning:
  • 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.

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