Cabot Options Institute Quant Trader – Alert (QQQ)
Nasdaq 100 ETF (QQQ)
After over a month of teetering back and forth, with no real opportunity to take profits, our QQQ bear call spread finally hit our stop loss. The trade marks our first loss since April 11. Our win ratio now stands at 31/36 trades, or 86.1%. And our total returns over the past year sit at over 130%.
The Trade
Simultaneously:
Buy to Close QQQ July 21, 2023, 375 call strike
Sell to Close QQQ July 21, 2023, 380 call strike for a total of $1.80 (As always, the price of the spread will vary, so please adjust accordingly.)
If you have any questions, please feel free to email me at andy@cabotwealth.com.