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.