By Dan Darrow

November 18, 2022

Intraday Update: WMT

WMT hit 150 for the third time this week this morning, and for the third consecutive time, it failed to clear the level. With the Nov25 $150 - $152.50 call spread roll up a short-term position, it makes sense to close the remainder of the trade here as resistance begins to form at 150. We can revisit a new strategy once the stock creates a post-earnings range.

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