By Dan Darrow

October 13, 2022

Intraday Update: XHB, NFLX

Regarding the two trade ideas from yesterday's letter, we will hold off initiating the XHB Nov18 put spread following the large gap open (we can wait to see if it stabilizes in a lower range around 55-56 to possibly revisit a trade), but we will move forward with the NFLX Oct28 call spread. Because volatility is high and the early bounce is very tepid, it is important to plan your size on NFLX accordingly.

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