HiPOS Trade Update: A Quick Turnaround
After Friday’s successful expiration ZEGA’s trading team was back at it finding a short S&P 500 Index put spread that qualified under our rules. You might remember in last week’s update...
After Friday’s successful expiration ZEGA’s trading team was back at it finding a short S&P 500 Index put spread that qualified under our rules. You might remember in last week’s update...
With Friday’s expiration of our current HiPOS conservative trade, it is on track for another realized profit. As of the close Thursday, the Nasdaq 100 Index (NDX) was resting 17.2% out of the money from the 11200 short put strike.
With the long 3-day Memorial Day holiday, the markets are closed on Monday. This means we are 3 days closer to expiration come Tuesday morning. I have had advisors ask how much time decay erodes over a weekend like this?
Well, Wednesday had a lot of the crowded trades potentially unwinding. I say potentially since it was one day and who knows what happens going forward. Yet Bitcoin, Ethereum, Lumber Futures, and more all saw selling pressure.
After the successful expiration of the most recent trades in the S&P 500 Index resulting in a full profit realized, ZEGA’s trading team was back at it Monday.
Recently more and more investors are asking about Ethereum and Bitcoin. How much crypto currency should I have as a percentage of a portfolio? Is Bitcoin and Ethereum a good hedge against rising inflation?