By Dan Darrow

September 13, 2022

Intraday Update: GE

Selling has not let up this afternoon, and with the indices breaking to new intraday lows, many stocks are continuing to slide. The GE position was just rolled up yesterday on the move to 75.50-76+, but the huge reversal lower today has now sent it below the key 50day sma and it is changing the bull thesis. Having lost moving average support, the GE Oct14 $77 - $81 call spread roll up needs to be closed before a major breakdown can develop.

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