New HiPOS Trade: How Debt Ceiling Volatility Creates Short Volatility - More debates and indecision around the debt ceiling? ZEGA’s trading team decisively took advantage of the jump in implied volatility by entering a new short put spread position.
ZEGA’s April 2023 Performance Numbers Release
HiPOS Conservative Trade Update - HiPOS is a systematic approach to selling volatility to generate monthly income. It is not trying to pick the direction of markets. Nor is it trying to predict fundamental things like earnings.
Broken Pie Chart podcast debates the dollar, markets, earnings, and more. Plus, they discuss one aspect of the S&P 500 Index estimates that no one ever talks about.
Jay and Derek are back to talk Jay Powell and the Fed seemingly tightening and loosening all at once. They raised rates, but then increased the size of their balance sheet through the SVB (and other) bank bailouts.
Jay and Derek are back o discuss markets going higher even when earnings decline post bear markets. Plus, they discuss Michael Kantro’s HOPE graph showing the order of slowing in the economy through the lens of Housing, New Orders, Profits, and Employment.