HiPOS New Trade Update: Volatility Not on Holiday
HiPOS Conservative New Trade Position: Today ZEGA’s traders used the continued elevated volatility levels to identify a new short put spread trade for accounts.
HiPOS Conservative New Trade Position: Today ZEGA’s traders used the continued elevated volatility levels to identify a new short put spread trade for accounts.
After a significant two days of +2.5% gains in the S&P 500 Index, markets have backed off and made a new run at the old bear market low. At the same time...
After today’s close, only 10 trading days remain on the short put spread position.
After last week’s successful expiration of the previous HiPOS trade at full profit, the team was back at it today taking advantage of the continued elevated volatility.
Today with the market retracement and pop in volatility, ZEGA’s traders entered a short put spread that was added to the existing short call spread in HiPOS Conservative accounts.
Today ZEGA’s traders uncovered an opportunity to add additional premium by selling the other side of our existing short put spread. By selling a short call spread above the market, we’ve brought in an extra potential profit of 1%, while joining the existing expiration date of August 19th.