Cabot Options Institute Quant Trader – Alert (SPY)
SPDR S&P 500 ETF (SPY)
We can finally take our August 18, 2023, SPY 462/466 bear call spread off for a profit. If you choose to hold on to the trade to seek greater profits, please be aware of the risks.
The Trade
Simultaneously:
Buy to Close SPY August 18, 2023, 462 call strike
Sell to Close SPY August 18, 2023, 466 call strike for a total of $0.23 (As always, the price of the spread will vary, so please adjust accordingly.)
If you have any questions, please do not hesitate to email me at andy@cabotwealth.com