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.
Trader Author Portfolio Holdings
**As of the date and time of publication