November 15, 2022

Cabot Options Institute Earnings Trader – Alert (WMT, HD)

Home Depot (HD)

I will be exiting the Home Depot (HD) trade today. I will discuss the trade in greater detail in our upcoming subscriber-exclusive webinar, at noon ET this Friday. Register Here.

Here is the trade:

Simultaneously:

Buy to close HD November 18, 2022, 335 calls
Sell to close HD November 18, 2022, 340 calls
Buy to close HD November 18, 2022, 280 puts
Sell to close HD November 18, 2022, 275 puts for roughly $0.20 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.

Walmart (WMT)

I will also be exiting the Walmart (WMT) trade today. Like our Home Depot trade I will discuss the trade in greater detail in our webinar this Friday.

Here is the trade:

Simultaneously:

Buy to close WMT November 18, 2022, 150 calls
Sell to close WMT November 18, 2022, 155 calls
Buy to close WMT November 18, 2022, 127 puts
Sell to close WMT November 18, 2022, 122 puts for roughly $0.45 per iron condor (prices will fluctuate, please adjust accordingly if you wish to exit the trade).

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.