Week Ahead @ 4 Jul 2020

My portfolio beta-weighted delta approximate ‘0’ or neutral.

Looking at the week ahead – expects market to be driven by “Second Wave” mania.

EWZ

EWZ 04072020

XLE

  • Taking a bear call spread on XLE
  • Second Wave and re-shutdown / roll-back of reopening efforts will dampen the demand for oil, hence oil producers
  • Selling a 14Aug call at $43

XLE 04072020

SPY

  • To balance against too much negative beta-weighted delta, taking a bull put spread position on SPY
  • Selling a 14Aug Put at $276

SPY 04072020

This post is a not an investment advice or endorsement. Please refer to general disclaimer of this blog.

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