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So, I have been waiting for many years to quote The Lego Movie song “Everything Is Awesome”. If you do not have children, let me translate. It is a song in an animated movie about Legos.

To quote a Steve Miller Band song “time keeps on slippin…into the future”, our conservative HiPOS short put spread is ticking along. As it does, the time value in the spread has come out to help propel the position to an unrealized profit.

Download a PDF version of ZEGA's latest performance numbers.

After Friday’s successful expiration ZEGA’s trading team was back at it finding a short S&P 500 Index put spread that qualified under our rules. You might remember in last week’s update...

With Friday’s expiration of our current HiPOS conservative trade, it is on track for another realized profit. As of the close Thursday, the Nasdaq 100 Index (NDX) was resting 17.2% out of the money from the 11200 short put strike.

With the long 3-day Memorial Day holiday, the markets are closed on Monday. This means we are 3 days closer to expiration come Tuesday morning. I have had advisors ask how much time decay erodes over a weekend like this?