By Dan Darrow
November 07, 2022
Intraday Update: W, TSLA
W is sliding under 32 early off the open this morning, and we will take the opportunity to close the remainder of the Nov11 strangle. The Nov11 $32 - $30 put spread roll down will be closed into the morning dip, and we will wait for a new setup on the stock now.
TSLA is sliding into view of 200 this morning, so let's take some risk off of the Nov25 strangle. The plan will be to close the Nov25 $200 -$195 put spread and roll down to a Nov25 $190 - $185 put spread. The next target will be <190. The bull portion of the strangle will remain open for now.
Trader Author Portfolio Holdings
**As of the date and time of publication