Cabot Options Institute Quant Trader – Alert (SPY)
SPY has moved significantly higher over the past few weeks. As a result, I’ve decided to take my SPY November 18, 2022 325/320 bear call spread off the table for a profit. Some may choose to hold on to the trade, just remember, we still have 24 days left until expiration and lots can happen over that timeframe.
Here is the trade:
Buy to close SPY November 18, 2022, 325 put strike
Sell to close SPY November 18, 2022, 320 put strike for a total of $0.09 (As always, the price of spread will vary, so please adjust accordingly.)
If you have any questions, please do not hesitate to email me at firstname.lastname@example.org.