Last week we saw our previous primary HiPOS conservative trade expire worthless. Worthless in price, but for your clients it represented a full profit over the 2 weeks. While the markets sold off a bit post Fed decision and the Presidents latest comments on tariffs and China, the underlying markets never got close enough to the short leg of the spread to pose any issues.
It has been refreshing lately to turn on the various financial news outlets to find guests speaking about portfolio hedging. Of course this is nothing new for ZEGA.
Jay Pestrichelli once again joins host Derek Moore to discuss all things hedging and options. This week they talk through some surprising data Jay compiled that shows markets are within 3% its all-time highs 36% of the time.
Yahoo! Finance and The Street sit down to speak with ZEGA Financial.
On Tuesday Jay spoke with Oliver on the TD Ameritrade Network regarding trading opportunities with the market near record levels. See Jay’s interview here where he discusses ZEGA’s approach to record market levels combined with a low risk environment.
Friday morning marked another successful expiration day for our primary conservative HIPOS strategy. The positions realized a full profit. As we noted the short put spreads were never really in doubt given that right after the trade was put on, the market pivoted off the short-term lows to trend higher.