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Just a few weeks ago it seemed like we heard daily reports of the impending recession. Yields had dropped to lows not seen in a few years and pundits on the financial channels got defensive in their security allocations. Fast forward just 20 days and today the market is on pace to reach a new fresh all-time high.

In a special Halloween HiPOS blog edition, we announce that ZEGA executed a new position consisting of a short put spread on the S&P 500 Index (SPX).

This week as the S&P 500 Index again peaked its head above the 3000 level, I received a question about whether they should sell their stocks due to all the talk about potential recessions. I’ve said before many times, predictions of a recessions beginning and end, and most importantly have been flawed and often wrong.

With Friday’s October 18th expiration in view we are now in the home stretch. This edition of the HiPOS trade was interesting in that we entered the position at the recent highs of the market. We also used a short put strike lower than the normal market calculations would have suggested.

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