SPDR S&P 500 ETF (SPY)
It’s time to lock in more gains.
With 35 days left until expiration, I’ve decided to go ahead and lock in our gains on the trade. As a result, our track record stands at 86.8% (33/38 winning trades) with a total return around 150%.
I will be sending out additional trade alerts either later today or early next week.
The Trade
Simultaneously:
Buy to Close SPY September 15, 2023, 470 call strike
Sell to Close SPY September 15, 2023, 475 call strike for a total of $0.20. (As always, the price of the spread will vary, so please adjust accordingly.)
As always, if you have any questions, please feel free to email me at andy@cabotwealth.com.