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 at noon ET Friday, November 11. Register here.
Here is the trade:
Simultaneously:
Buy to close DIS November 11, 2022, 113 calls
Sell to close DIS November 11, 2022, 118 calls
Buy to close DIS November 11, 2022, 89 puts
Sell to close DIS November 11, 2022, 84 puts for roughly $1.25 or $125 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.