Cabot Options Institute Earnings Trader – Alert (JPM)
JP Morgan (JPM)
I will be exiting the JP Morgan (JPM) trade today. As always, I will discuss the trade in detail in our next issue and subscriber-only webinar next Friday, January 20, at noon EST. Click here to sign up to attend.
Here is the trade:
Simultaneously:
Buy to close JPM January 20, 2023, 148 calls
Sell to close JPM January 20, 2023, 152.5 calls
Buy to close JPM January 20, 2023, 133 puts
Sell to close JPM January 20, 2023, 128 puts for roughly $0.35 per iron condor (prices will fluctuate, please adjust accordingly if you wish to exit the trade).
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.