HiPOS Conservative Update - With 18 trading days to go until expiration after market close on Monday June 3rd, despite a little momentary down move, the S&P 500 Index (SPX) reversed over the past two days forming two hammers.
Derek and Jay talk about Nvidia’s earnings report and how they are catching up to Apple in total market cap. Will they cash Microsoft? Then they note the percentage of companies mentioning AI on earnings calls.
New HiPOS Conservative Trade - On Thursday May 23rd, the ZEGA trading team executed a new short put spread on the underlying S&P 500 Index (SPX).
Derek and Jay start by looking at GameStop’s (GME) call option open interest and activity in the days prior to Roaring Kitty tweeting . They notice the increase in options activity ahead of the surge in the stock’s price and volume spike and whether the options market led the stock market on GME.
Derek and Jay discuss the idea that the stock market is in a Goldilocks period based on sustained higher margins and earnings growth.
ZEGA’s April 2024 Performance Numbers Release