ProfitScore Update – September 2024
To the clients and friends of ProfitScore: At ProfitScore, our trading approach is guided by market Regimes. While various factors influence our specific trading decisions, understanding the market’s current state or regime is a key component in how we position our portfolio. Many of you…
ProfitScore Update – February 2023
To the clients and friends of ProfitScore: With the rise in popularity of 0TDE (0 days to expiration) options, investors should be wise about the impact this might have on markets. Remarkably, more than 40% of S&P-related options have a same-day expiry, or 0DTE, according to…
ProfitScore Update – August 2022
To the clients and friends of ProfitScore: As has been previously mentioned ProfitScore has two trading constructs for both our treasury program and our equity program. Specifically for our Equity program, we use two systems, one is for low volatility and one is for high…
ProfitScore Update – January 2022
To the clients and friends of ProfitScore: The expectation of heightened volatility for 2022 did not disappoint in January. The VIX rose to just short of 32 in late January, its highest level since January 2021, settling at 24.38 by month’s end. According to weekly data published…
The Currently Odd Volatility of Long-term US Treasuries
The US sovereign bond market is traditionally viewed as a safe-haven by investors. When US equity markets are under stress, investors generally purchase US Treasury bonds, pushing yields lower and bonds higher. Traders seeking convexity prefer buying the long-end of the yield curve, which causes the…