After quite a bit of downside volatility, the markets seemed to forget they were ever worried at all after several up days. Monday saw the S&P 500 Index fall back a bit yet the index itself is just around where it was prior to the series of drawdowns.
Click here for a PDF version of our April performance numbers.
Last week the market experienced more volatility than many have grown accustomed to. The price candles on the chart above show a greater range between the highs and lows many days. This intra-day volatility continued into Monday’s session.
Today ZEGA’s traders took an opportunity to put on a new HiPOS short put spread position using the S&P 500 Index (SPX). This was done as the opportunity met all the stringent qualifications under our trading rules.
With 2 weeks left in the primary HIPOS trade we wanted to take a second to wish everyone a Happy Time Decay Weekend. Off course we also wish everyone a Happy Easter as well.
Watch ZEGA’s 2019 Q1 Update to hear Jay go over a brief market review, explain how ZEGA’s strategies are performing, and what is going on at ZEGA in 2019.