HiPOS Weekly Update: A Time Decay Play
After what seemed like a steady march upward, the S&P 500 Index leveled out over the last two days following the Fed meeting. This slowdown provided some short-term relief...
HiPOS: New Upside Call Spread On
Today ZEGA’s traders were able to identify a short call trade above the market that met the strict entry requirement. With the S&P 500 trading around 3100 at the time of entry, the 3400/3450 strike prices were used. This puts the short strike roughly...
HiPOS Weekly Update: Countdown to Expiration Day
As we head into the long Memorial Day weekend, our primary HiPOS conservative position is ticking down towards expiration day. With the market holiday Monday, after today we are looking at only 4 trading days remaining for this iteration of the strategy.
HiPOS Weekly Update: Helpful Move in the S&P 500 Index
With today’s market surge, the HiPOS position that expires on May 29th benefited as it expanded its distance out of the money from the 2225 strike. Looking at the chart above, you can see that the close today in the market was higher than the range going all the way back to March.
HiPOS Update: New Trade - May 2020
After a 9-day hiatus of patiently waiting in cash, ZEGA’s trading team was back at it finding a new HiPOS Conservative short put spread trade. This trade qualified under out strict rules after yesterday’s sharp end of day retracement and lower opening this morning.
ZEGA’s April 2020 Performance Numbers Release
Download a PDF version of our latest performance numbers.