By Dan Darrow
November 14, 2022
Intraday Update: VZ
It's already been a busy morning, but there is one other position that needs managing. VZ is having a solid start to the week, and the move near 39 is sending the Nov25 $38 - $40 call spread roll up nicely into the money and it is delivering a break of the key 50day sma as well. The plan here will be to close the shorter-term call spread and roll up/out to a Dec16 $40 call The next target will be 40.25+.
* 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