Cabot Options Institute Earnings Trader – Alert (DIS)
Disney (DIS)
I will be exiting the Disney (DIS) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar, and will take a look at potential earnings trades for the next week, at noon ET this Friday, May 12. Register here.
Here is the trade:
Simultaneously:
Buy to close DIS May 19, 2023, 110 calls
Sell to close DIS May 19, 2023, 115 calls
Buy to close DIS May 19, 2023, 90 puts
Sell to close DIS May 19, 2023, 85 puts for roughly $0.45 per iron condor.
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.