Today the ZEGA trading team re-entered the short volatility market with a 4-trading day short call spread on the 3000/3050 strikes for a credit of just under 1%. This is the April 15th expiration date.
We are beginning to see implied volatility and actual volatility start to come back in line. For those of you that read our post on March 13th, you may recall we pointed out that the return for HiPOS wasn’t commensurate with the risk the positions took.
Jay provides another market update after a strong week in the market. Check out the video to hear what that could mean for ZEGA’s strategies.
We exited the iron condor today around 10am ET after the market gapped open up nearly 6%. Without going through blow-by-blow of the trading day (and what a crazy day it was), we closed the position at about a net...
ZEGA provides another video update explaining the positioning around the current HiPOS Conservative trade. See the update:
Today’s market declines were extreme. No other way to describe it. With both the futures and regular trading session limiting out and the curbs kicking in...