74% Return on SPDR S&P 500 ETF Purchase Spurs Max Overweight September 610 Puts
Crenshaw's last SPDR S&P 500 ETF purchase of $1k–$15k on March 20, 2023 is up 74.1% as of March 4. Analysts have shifted tail-risk hedging to max overweight using SPY September 30th 610 strike puts to guard against potential energy-induced market drawdowns.
1. Crenshaw's SPDR S&P 500 ETF Position Up 74.1%
A $1,000–$15,000 purchase of SPDR S&P 500 ETF shares on March 20, 2023 has risen 74.1% by March 4, marking the last disclosed transaction by the congressman.
2. Max Overweight on SPY September 30th 610 Strike Puts
Analysts have elevated their tail-risk hedging to a maximum overweight recommendation on SPY September 30th 610 strike puts, citing potential volatility from rising energy prices following the closure of the Strait of Hormuz.
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