Cabot Options Institute Earnings Trader – Alert (AXP)
I will be exiting the American Express (AXP) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET tomorrow, April 21. Register here.
Here is the trade:
Simultaneously:
Buy to close AXP April 28, 2023, 175 calls
Sell to close AXP April 28, 2023, 180 calls
Buy to close AXP April 28, 2023, 155 puts
Sell to close AXP April 28, 2023, 150 puts for roughly $0.70 per iron condor (prices will fluctuate, please adjust accordingly if you wish to enter trade)
*If you are having issues exiting the trade, you can always exit the tested side (or tested spread) of the iron condor first, followed by the untested side. Also, if you choose to hold the trade to seek a greater profit, please be aware of the risks.