Secured Options Update
April 01, 2022
Timing of S&P 500 Rally a Disadvantage for Our Bullish Positioning
The Glenmede Secured Options Strategy was bullish heading into the March expiration cycle. But from the market close on February 18 to the close on March 18, the S&P 500 rallied 2.76%. This move would have been beneficial for our bullish positioning had it occurred at the beginning of the day when March options settled.