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HiPOS Weekly Update: New Trade Alert for December

By Jillian Baker

Hello December!  After the market pullback helped to create a pop in volatility, our traders executed a new position that met the HiPOS Conservative trade criteria. The expiration date for today’s entry is December 27th.  This means there are only 17.5 trading days considering the holidays.  As always, we will be back with more updates.

 Now for the Particulars

  • Index: S&P 500 Index
  • Position type: Short Vertical Put Spread
  • Short strike: 2600
  • Long strike: 2550
  • Risk (prob. ITM): <1% at time of entry
  • Targeted return: 1.0%
  • Distance OTM: ~15.5% at time of entry
  • Expiration: December 27th or 17.5 trading days