By Dan Darrow

November 14, 2022

Intraday Update: WMT

WMT's 1%+ drop ahead of tomorrow's earnings report is skewing the proposed strangle more in favor of the bear side, so we need to adjust the contracts of the trade to get the risk more balanced. The new trade will be:

  • Long WMT Nov25 $145 - $149 call spread
  • Long WMT Nov25 $137 - $133 put spread

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