July 29, 2022

Intraday Update: XLF

Indices are continuing to build on the week-long rally this morning, and Banks are having a nice start to the day. XLF has hit the 33.75 initial target range, so it is time to lock in some money on the Sep16 $33 call. The plan will be to close the current call and roll up to a lower debit Sep16 $35 call. The next target is 34.50+.

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