I will be exiting the JPMorgan (JPM) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET today, July 14. Register here.
Here is the trade:
Buy to close JPM July 21, 2023, 157.5 calls
Sell to close JPM July 21, 2023, 162.5 calls
Buy to close JPM July 21, 2023, 142 puts
Sell to close JPM July 21, 2023, 137 puts for roughly $0.xx or $0.20 per iron condor. (As always, the price of the spread can vary from the time of the alert, so please adjust accordingly.)
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 email@example.com.