HiPOS Trade Update: Benefiting from the Relief Rally
With the short put spread resting 23% above (out of the money) the respite from the selloff has been a welcome site for the strategy.
With the short put spread resting 23% above (out of the money) the respite from the selloff has been a welcome site for the strategy.
Today the ZEGA team rolled forward and down (further out of the money) the primary HiPOS Conservative trade.
Despite the recent drops, our primary HiPOS conservative trade remains right around 10% out of the money.
Download a PDF copy of ZEGA's latest performance numbers
In our primary HiPOS Conservative trade, currently it has reaped the benefits of some sideways action in the underlying S&P 500 Index.
Today ZEGA’s traders put on a new short put spread on the S&P 500 Index. Given that volatility remains elevated in our current environment, we identified a targeted +1.4% profit with a distance out of the money of about 17% at time of entry.