Weekly Performance Update: Week of 11/25/24
- Acrux Capital
- Nov 30, 2024
- 1 min read
Market Recap
Per our post last weekend, equities were relatively tame this week, with QQQ turning in its lowest volume week since 2019 (Thanksgiving week then too). Giving up 1.5 days of trading with the market closed generally does not bode well for same week options trading. Of note though was an impressive gap up in Treasuries on Monday and Gold gapping down over 3%. Also the VIX dropped below 15. More on this below in the look ahead.
(Click to enlarge)
Our Performance this Week
We took some exposure in both Hedge Fusion and Futures Focus but for next week's expiration - some of which expire on Monday for GLD and ES options.
For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
December, at least the first 2-3 weeks of the month, typically presents some robust price action that is pretty much ideal for options trading, as there is considerable repositioning into the end of the year as some funds seek to squeeze out a little more alpha and/or pare losses. NFP comes on Friday and the last several iterations, regardless of outcome, have not moved the markets much but we will see if this last one of the year is any different.
Of note, we will likely start to see some exposure to the Bitcoin mania via the ETF IBIT options. Seems most suitable that we will have trades on it in Hedge Fusion.
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