As markets continued their heightened level of volatility Monday, the ZEGA trading team found a new HIPOS short put spread position. For this iteration, we turn to the Nasdaq 100 Index or NDX.
Jay was able to speak with Abigail Doolittle today at Bloomberg TV studios. See Jay’s interview with Abigail where they discuss a Pairs trade that capitalizes on the divergence of the NASDAQ 100 and S&P 500.
After quite a bit of downside volatility, the markets seemed to forget they were ever worried at all after several up days. Monday saw the S&P 500 Index fall back a bit yet the index itself is just around where it was prior to the series of drawdowns.
Click here for a PDF version of our April performance numbers.
Last week the market experienced more volatility than many have grown accustomed to. The price candles on the chart above show a greater range between the highs and lows many days. This intra-day volatility continued into Monday’s session.
Today ZEGA’s traders took an opportunity to put on a new HiPOS short put spread position using the S&P 500 Index (SPX). This was done as the opportunity met all the stringent qualifications under our trading rules.