Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, discuss Fed governor Waller (not Christopher Walkin) hinting the Fed should be in no rush to cut interest rates. Plus, we haven’t seen this many record stock market highs since Q1 of 2013.
New HiPOS Conservative Trade - With today’s gap lower in the S&P 500 Index and increase in implied volatility, ZEGA’s traders identified a new short put spread position to establish within HiPOS Conservative accounts.
Derek and Jay talk through some examples of options trading in 0 DTE options on the SPX and Nvidia. Plus, a hedge fund manager says the worst crash since 1929 is coming.
ZEGA’s February 2024 Performance Numbers Release
Derek and Jay explain why it’s so hard to trade the VIX via options or VIX futures given the nature of the products and how VIX works. Supercore PCE, yeah that’s a thing now, came in hot so what does that mean for the Fed and rates?