May 18, 2023

Walmart (WMT)

I will be exiting the Walmart (WMT) 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 19. Register here.

Here is the trade:

Simultaneously:

Buy to close WMT May 26, 2023, 157.5 calls

Sell to close WMT May 26, 2023, 162.5 calls

Buy to close WMT May 26, 2023, 140 puts

Sell to close WMT May 26, 2023, 135 puts for roughly $0.35 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.

Andy Crowder

Andy Crowder is a professional options trader, researcher and Senior Analyst at Cabot. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he’s not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.