American Express (AXP)
I will be exiting the American Express (AXP) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET today, October 21. Register here.
Here is the trade:
Simultaneously:
Buy to close AXP October 28, 2022, 157.5 callsSell to close AXP October 28, 2022, 162.5 callsBuy to close AXP October 28, 2022, 133 putsSell to close AXP October 28, 2022, 128 puts for roughly $0.45 per iron condor (prices will fluctuate, please adjust accordingly if you wish to enter 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.