Today's 2.3% decline (so far) in CVS sets me up for a tough decision.
My position is an iron condor (p28/-p31/-c34/c36), profitable if at expiration the price of the stock is between the strike price of the short put, $31, and the strike of the short call, $34.
Shares are trading at this moment at $31.61, and falling.
The last trading day before expiration is Feb. 19. CVS's earnings will be released before the market opens on next Monday, Feb. 8.
If the position is within the maximum profit range $31-$34 at expiration, I'll make 90 cents profit. If I close now, the profit will be about a third of that.
What's a trader to do?
Showing posts with label WAG. Show all posts
Showing posts with label WAG. Show all posts
Thursday, February 4, 2010
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