4min chapter

Forward Guidance cover image

Market Crash Unlikely Until July, Says Volatility Veteran | Noel Smith

Forward Guidance

CHAPTER

The JPMorgan Collar Trade Is Quite Complex

H jp, morgan collar trade is from their marketing standpoint. They sell upside calls and they buy downside putspreads. Putspread that they have on the short side for them, is right here, 36 20 in the s p x. And that expires on june thirtieth. So what that means is, as a market making delta hedging community, they will hedge those deltas as they start to breach that that threshold.

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