The S&P 500 Index (SPX) currently sits just over 21% above the short 3200 put strike price through midday Thursday. While this trade was never threatened, it’s important to remember that anytime we put on a short volatility position, we are putting on risk.
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New HiPOS Conservative Trade - With a continued higher volatility regime ZEGA’s traders were able to put money back to work finding a short put spread expiring December 2nd that qualified under our strict rules.
Watch the TDA Network replay where Jay talks about volatility selling tactics and a dividend plus premium selling approach.
Today our primary HiPOS Conservative trade will expire worthless for a full profit.
HiPOS Conservative: We were able to take advantage of the recent move higher in markets and continued volatility to add a short call spread above the market.