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Earnings Trader
Collect the Biggest Option Payouts Every Quarter

April 28, 2023

Cabot Options Institute Earnings Trader – Alert (XOM)

Exxon Mobil (XOM)

I will be exiting the Exxon Mobil (XOM) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET, today 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 XOM May 5, 2023, 122 calls

Sell to close XOM May 5, 2023, 127 calls

Buy to close XOM May 5, 2023, 110 puts

Sell to close XOM May 5, 2023, 105 puts for roughly $0.28 per iron condor (adjust accordingly, prices may vary from time of alert).

*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.

As always, if you have any questions, please do not hesitate to email me at andy@cabotwealth.com.


Andy Crowder is a professional options trader, researcher and Chief Analyst of Cabot Options Institute. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he’s not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.