By Dan Darrow
September 09, 2022
Intraday Update: WDAY
I am realizing this morning that the reason that the action area for the WDAY Oct21 $175 - $185 call spread is not lining up is that I wrote the range wrong in the letter. Instead of $2.40 - $2.90, the action area should be $3.40 - $3.90. The stock is up marginally at the moment, and the prices of the Oct21 calls have not moved materially, so the trade is still valid here.
* 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