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Quant Trader
Expert-Level Options for Sophisticated Traders

December 15, 2022

Cabot Options Institute Quant Trader – Alert (SPY)

We’ve had lots of good fortune over the past six months in the Quant Trader service. Our quant-based approach where probabilities lead the way has led to 18 out 19 winning trades since starting the service back in early June.

Today I want to lock in another winning trade by taking off our most recent trade in SPY. Two days ago we sold the SPY 430/435 bear call spread for $0.54. Now the spread is trading for far less, around $0.17. With 36 days left until expiration it doesn’t make sense to hold on to the trade given the associated risk. As a result, I’m taking off the trade and will immediately begin the search for another good candidate for a trade. If you choose to hold on to the trade for greater profits, please be aware of the risks.

The Trade

Simultaneously:

Buy to Close SPY January 20, 2023, 430 call strike

Sell to Close SPY January 20, 2023, 435 call strike for a total of $0.17 (As always, the price of the spread will vary, so please adjust accordingly.)