Cabot Options Institute Earnings Trader – Alert (MSFT)
Microsoft (MSFT)
I will be exiting the Microsoft (MSFT) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET tomorrow, April 28. Register here. If you choose to hold on to the trade please be aware of the risks.
Here is my trade:
Simultaneously:
Buy to close MSFT May 5, 2023, 300 calls
Sell to close MSFT May 5, 2023, 305 calls
Buy to close MSFT May 5, 2023, 252.5 puts
Sell to close MSFT May 5, 2023, 247.5 puts for roughly $1.20 per iron condor (adjust accordingly, prices may vary from time of alert).
As always, if you have any questions, please do not hesitate to email me at andy@cabotwealth.com.