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Quant Trader
Expert-Level Options for Sophisticated Traders

February 21, 2024

I’m going to take some profits off the table today ahead of the NVDA announcement. For those that wish to hold for further profits, please be aware of the risks.

Nasdaq 100 ETF (QQQ)

I’m going to take some profits off the table today ahead of the NVDA announcement. For those that wish to hold for further profits, please be aware of the risks.

The Trade

Simultaneously:

Buy to Close QQQ March 1, 2024, 445 call strike
Sell to Close QQQ March 1, 2024, 450 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 do not hesitate to email me at andy@cabotwealth.com.


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Andy Crowder is a professional options trader, researcher and Senior Analyst at Cabot. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he’s not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.