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.
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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?