After a respite yesterday, volatility came surging back this morning as the markets once again sold off. This leg down along with the rise in implied volatility provided an opportunity to enter a new position utilizing short put spreads going out to September 6th.
The triangle symbolizes delta. Delta represents the change in something else and is quite relevant when we talk options. You see, an option’s Delta represents what the change in its price will be due to a 1-point change in the underlying.
With the close of trading Monday our HiPOS position marched closer to the August 2nd expiration. With only 8 trading days left, you might have noticed on an unrealized basis that the positions have shed around half its value.
See Jay's interview with The Street where he weighs in on why millennial investors need to practice more patience when it comes to investing.
With the close of the 2nd quarter of 2019 its time again to review how our Buy and Hedge Master Composite is compared to other managers in the hedged equity space. This includes not only separately managed accounts (SMAs) but also various mutual funds.
New HiPOS Trade Today the ZEGA trading team identified a new primary conservative HiPOS trade. As we always point out, HiPOS will wait for a trade that meets our strict criteria before entering.