Cabot Options Institute Earnings Trader – Alert (HD)
Home Depot (HD)
I will be exiting the Home Depot (HD) trade today.
Here is the trade:
Simultaneously:
Buy to close HD February 24, 2023, 340 calls
Sell to close HD February 24, 2023, 345 calls
Buy to close HD February 24, 2023, 290 puts
Sell to close HD February 24, 2023, 285 puts for roughly $0.30 per iron condor (As always, the price of the spread can vary from the time of the alert, so please adjust accordingly)
*If you are having issues exiting the trade, you can always exit the tested side (or tested spread) 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.
As always, if you have any questions, please feel free to email me at andy@cabotwealth.com.