Trade Alert 4/30/2025

We are moving to a beta weighted neutral portfolio. This is very aggressive but feel that it makes sense in this market environment. If the markets fall lower, our puts in SPY will offset some of the risk in our portfolio. If the markets scream higher, the gains in the portfolio will be offset by losses in the SPY puts. We think it makes sense to move to a neutral stance and let the dust settle for a bit of time. To figure out your beta weight in TOS, you simply click the beta weight button and type in SPY. Then look down at the delta column at the bottom. If you have TWS (IB), then pull up the risk navigator and look at the delta of SPX, then SPY is 1/10th of that amount. Buy to open: SPY August 15th (monthly) 578.00 strike put Debit:  41.60 – this order has filled Max risk = 41.60 or $4,160.00 This position will move by at least $1,000 in value over the coming days, very high risk/reward hedge.