It would seem like a tale of two markets of late. One day listening to CNBC the prognosticators profess doom and gloom, the next day full steam ahead. While the market has been volatile of late thus far the underlying S&P 500 Index is sitting a bit above where it was when we first placed our primary HiPOS trade. So, are the market winds changing back to bullish?
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.
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.
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.
One of the cornerstones of our HiPOS strategy is the disciplined and systematic approach we take when choosing trades that qualify under our rigorous rules for entry.