Cabot Options Institute Earnings Trader – Alert (MA)
I will be exiting the Mastercard (MA) trade today. I will discuss the trade in greater detail in our subscriber-exclusive webinar at noon ET tomorrow, October 28. Register here.
Here is the trade:
Simultaneously:
Buy to close MA November 4, 2022, 345 calls
Sell to close MA November 4, 2022, 350 calls
Buy to close MA November 4, 2022, 295 puts
Sell to close MA November 4, 2022, 290 puts for roughly $0.48 per iron condor (prices will fluctuate)
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.