Cabot Options Institute Earnings Trader – Alert (HD)
Home Depot (HD)
I will be exiting our Home Depot (HD) trade today. I will discuss the trade in greater detail in our upcoming weekly issue.
Here is the trade:
Simultaneously:
Buy to close HD November 17, 2023, 305 calls
Sell to close HD November 17, 2023, 310 calls
Buy to close HD November 17, 2023, 270 puts
Sell to close HD November 17, 2023, 265 puts for roughly $1.10 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.
As always, if you have any questions, please do not hesitate to email me at andy@cabotwealth.com.