I will be exiting the SBUX trade today. I will discuss the trade in greater detail in our upcoming subscriber-exclusive webinar, at noon ET this Friday. Register here.
Here is the trade:
Simultaneously:
Buy to close SBUX August 5, 2022, 92 calls
Sell to close SBUX August 5, 2022, 97 calls
Buy to close SBUX August 5, 2022, 77 puts
Sell to close SBUX August 5, 2022, 72 puts for roughly $0.XX or $XX per iron condor (prices will fluctuate, please adjust accordingly if you wish to exit the trade)
If you are having issues exiting the trade, you can always exit the tested side of the iron condor first (in our case the call side), followed by the untested side. Also, if you choose to hold the trade to seek a greater profit, please be aware of the risks.