Amgen (AMGN)
I will be exiting our Amgen (AMGN) trade today. I will discuss the trade in greater detail in our upcoming weekly issue and within our subscriber-only call this Friday.
Here is my trade:
Simultaneously:
Buy to close AMGN February 16, 2024, 345 calls
Sell to close AMGN February 16, 2024, 350 calls
Buy to close AMGN February 16, 2024, 290 puts
Sell to close AMGN February 16, 2024, 285 puts for roughly $0.35 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 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.
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