MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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Using Call Credit Spreads on SPX for a Low-Cost Left-Tail Hedge?
You can always throw a call credit spread on the markets up above and use the proceeds to net that cost down to almost zero. The whole idea here is that if we push to the upside of $4,500, well, that's an upside of an additional 10%. So you're not too concerned about that move to the upside. Remember that SPX is cash settled, so you're not worried about assignment risk whatsoever.
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