Treasury Bonds in Taxable HIPOS Accounts We have received several questions asking why we placed Treasuries into the HiPOS Conservative accounts. A few things to cover here.
Click for a PDF version of our January performance numbers.
With only 7 trading days and 10 calendar days (including Presidents Day) to go until expiration day the underlying S&P 500 Index remains firmly above both the short 2460 strike price and purple defensive posture line.
In the wake of our last trade which expired at a full profit on Friday, today the ZEGA trading team was back to work looking for a new position that satisfied our stringent rules for entry. This time, we found a February 22nd expiration short put spread with expiration of 2460 and 2410 on the S&P 500 Index.
With expiration day upon us Friday February 1st, the Iron Condor position appears to be poised to realize a full profit. Since we sell premium and generate credits, a full profit is realized when they expire worthless.