S&P 500 ETF (SPY)
With just over one week left until expiration, and some potential short-term market-moving info ahead of us (CPI, earnings) I’m going to go ahead and do the prudent thing by taking our SPY bear call spread off the table.
I will be adding several additional trades prior to week’s end, including an iron condor. Stay tuned!
The Trade
Simultaneously:
Buy to Close SPY January 19, 2024, 475 call strike
Sell to Close SPY January 19, 2024, 480 call strike for a total of $2.75. (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.