The opportunity was due in part by the market moving lower and implied volatility levels moving higher. In other words, we were able to sell a short put spread that brought in enough premium to meet our requisite target.
Jay Pestrichelli and Derek Moore joined up for another podcast where they go through some predictions, guesses, and general commentary on the markets in the year ahead. Also our primary HiPOS Conservative short put spread will be expiring today
As we move toward the latter part of our current HiPOS Conservative trade, we currently are sitting at almost a full unrealized profit. This is due in large part to the underlying S&P 500 Index price sitting more than 23% above the out of the money 3550 short put strike.
Jay guested on CNBC today with Kelly Evans where some themes included alternatives for the 60/40 portfolio given where interest rates are, and market pullbacks as buying opportunities.
Jay Pestrichelli and Derek Moore are back to discuss the recent market pullback and whether the dip will be bought again. Plus, explaining common risk metrics like Alpha and Sharpe Ratios.
Today, ZEGA’s traders were able to take advantage of heightened volatility in the markets right after Friday’s successful expiration at full profit.