Cabot Options Institute Quant Trader – Alert (DIA)
Dow Jones ETF (DIA)
With 37 days until the June 16, 2023, expiration, I want to lock in another profitable trade today, this time in DIA. We can take well over 50% of the original premium sold for a nice gain.
The trade marks 28 out of 32 winning trades for the Quant Trader service. There is no doubt we have had a tremendous year given all the challenges this market has faced since we started Quant Trader just under one year ago.
The Trade
Simultaneously:
Buy to Close DIA June 16, 2023, 354 call strike
Sell to Close DIA June 16, 2023, 359 call strike for a total of $0.22. (As always, the price of the spread will vary, so please adjust accordingly)