HiPOS Weekly Update: Nothing to See Here
To quote Leslie Nielson in the 80’s comedy The Naked Gun, “Nothing to See Here!”. One day the market rockets up for the best day since June.
To quote Leslie Nielson in the 80’s comedy The Naked Gun, “Nothing to See Here!”. One day the market rockets up for the best day since June.
Today the ZEGA traders put money back to work in the HiPOS Conservative version of the strategy. With volatility remaining elevated and the S&P 500 Index continued weakness, they found a put side trade that qualified under our strict rules for entry.
With only 5 full trading days left until expiration Friday morning February 19th, the S&P 500 Index has continued its march higher. This is positive for the HiPOS Conservative trade in a few ways. First, the index has stayed well above...
We wanted to post a quick update on our HIPOS Conservative strategy as the ZEGA trading team put on a new short put spread.
In the HiPOS Conservative strategy this week, marks the end of the current trade with Friday’s expiration. Looking at the graph above we can see that this iteration never really was threatened.
With two calendar weeks and 9 trading days to go the S&P 500 Index (SPX) sits about 8% above or out of the money from the 4075 short call strike. Today’s small drop in prices within the index proved helpful in continuing to show unrealized gains in the spread position.