July 13, 2022
Intraday Update: W, NKE
After roughly an hour of trading, W and NKE are off their low but still red on the session. The modest drop means we can move forward with the initiations, though we will cut the net debit stop loss on both to 30-40% (from 40-50%) due to the speed with which the overall market is moving. The technical stops on both will remain at the levels mentioned in yesterday's letter.
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
