Cabot Options Institute Earnings Trader – Alert (V)
I will be exiting the Visa (V) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET today, January 27. Register here.
Here is the trade:
Simultaneously:
Buy to close V February 3, 2023, 237.5 calls
Sell to close V February 3, 2023, 242.5 calls
Buy to close V February 3, 2023, 210 puts
Sell to close V February 3, 2023, 205 puts for roughly $0.45 per iron condor (prices will fluctuate)
*If you are having issues exiting the trade, you can always exit the tested side (or 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.