Simply said, a persistently low VIX, a VIX “epidemic” such as we’ve had for much of this year, does not eliminate those option-selling trades. But it does two things that should concern investors.And the strategy I’ve written about here the most, which is using covered calls as the other side of an option collar strategy. And by doing so, knocking down the cost of the put options I purchased to set a “line in the sand” below which I am not exposed to a drop in the price of the underlying security.Selling pu ...

The bubble could continue to grind higher, so there is an opportunity to trend-follow for some more gains. However, the major opportunity is to Short the bubble burst aggressively, possibly with put options. The issue is timing.Analyst’s Disclosure:I/we have a beneficial short position in the shares of SPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have ...

All right, welcome back to Power Lunch. I'm Dominic Chu. Fed chair Jerome Pal was upfront yesterday about the two-sided risks of weaker employment and firmer inflationary threats still remaining, saying that there is no risk-free path ahead, but that does not mean that you can't manage your risk overall in your portfolio.So, when it comes to money, where are the best opportunities in the market. Our next guest has some ideas. Today's market navigator is Brian Stutland, chief investment officer at Equity Arm ...

(Bloomberg) — The recent record run by the US stock market appears to be in jeopardy as investors retreat from their strong bullish positioning. Flows into US equity funds have been weak compared with levels seen earlier in the year, although they have clawed their way back to positive, according to RBC Capital Markets. Meanwhile, flows from American and European investors into US- and non-US domiciled equity funds have been soft, and global flows excluding the US have been positive but with deteriorating ...

投资组合调整 - Michael Burry在第二季度大幅调整投资策略 从看跌期权转向看涨期权 新增阿里巴巴 ASML 京东 雅诗兰黛 Lululemon Meta 再生元 联合健康 VF等九家公司看涨期权持仓[1] - Scion资产管理公司同时建立布鲁克 Lululemon 再生元 联合健康 MercadoLibre的直接持股 并将雅诗兰黛持股从20万股削减至15万股[2] - 联合健康持仓与巴菲特旗下伯克希尔最新投资方向一致[2] 衍生品工具运用 - 看涨期权赋予投资者以固定价格买入标的股票的权利 可锁定低于市价的购买成本[3] - 看跌期权则允许投资者锁定卖出价格 从股价下跌中获利[3] 持仓规模变化 - 3月底组合包含价值1.86亿美元的中概股看跌期权(阿里巴巴 百度 京东 英伟达 拼多多 携程)及1300万美元雅诗兰黛持股[4] - 6月底转为持有5.22亿美元九只股票看涨期权 外加5600万美元六只股票直接持股[4] 信息披露局限 - 13F文件仅显示六周前的持仓快照 不包含做空头寸 非上市公司投资及债券房地产等资产类别[5] 投资风格特征 - 以精准预测2000年代中期美国房地产泡沫破裂闻名 相关事迹被改编为《大空头》影视作品[6] - 历史投资行为包括提前布局游戏驿站 做空特斯拉 苹果 英伟达等热门资产及标普500指数[6]