The S & P 500 is up over 21% in the last five months, this parabolic move higher urges me to establish a hedge.
I seek to protect profits and capitalize if the S & P 500 decides to reverse course and test the will of the bulls short-term.
SPY 1Y mountain SPDR S & P 500 Trust (SPY) The S & P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019.
However, stocks saw volatility return this Thursday as equities stumbled in an unusual trading session with a near 2% intraday bearish reversal in the SPDR S & P 500 ETF (SPY) .
In the event the market moves higher, you have defined your risk in this spread and any long equity exposure you may have to the S & P 500 should offset this trade.
Organizations:
Treasury
Locations:
U.S