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Quant Trader
Expert-Level Options for Sophisticated Traders

March 13, 2023

Cabot Options Institute Quant Trader – Alert (DIA)

Dow Jones ETF (DIA)

With 39 days left until expiration, we have the ability to take off our DIA bear call spread for a nice profit. Yes, we could hold on to bigger gains, but with 39 days left until our spread is due to expire, it makes sense to simply take off the trade, lock in profits, eliminate all risk and move on to our next opportunity. If you choose to hold on to the trade please be aware of the risks.

The Trade

Simultaneously:

Buy to close DIA April 21, 2023, 350 call strike
Sell to close DIA April 21, 2023, 355 call strike for a total of $0.17 (As always, the price of the spread will vary, so please adjust accordingly.)

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.