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).
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.