July 7, 2022
Intraday Update: AFRM
AFRM sank quickly post-initiation to give us a shot to reduce risk on the Aug19 put spread, but the stock has struggled to sustain momentum on the downside over the past couple of weeks. AFRM has had buyers since Tuesday morning, and today's rally is sending the stock into the 50day sma to hit the stop for the Aug19 $15 - $12.50 put spread. We want to make sure to exit the position before the stock can accelerate out of its recent downtrend.
Trader Author Portfolio Holdings
**As of the date and time of publication