July 15, 2022
Intraday Update: WMT
Let's lock in some WMT. A solid pop this morning has the stock nicely above 129, so as it nears the 130 target, we will start to lock in some money. The plan will be to close the current Aug26 $130 - $136 call spread and roll up to a tighter Aug26 $132 - $136 call spread. The next target will be 132+. The bear portion of the strangle will remain open and unchanged.
* 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