Hey Fellow Slopers,
We recently added a new feature to the Portfolio Armor iPhone app, one that lets you select from all available options expiration when scanning for optimal hedges. Below is a 1 minute, 12 second video which demonstrates this, using the SPDR Gold Trust ETF (GLD).
We scan for an optimal put hedge against a >12% decline expiring this month, and one expiring in January of 2022. Then we do the same with optimal collar hedges against >12% declines while capping upside at 12%.
The last row in the optimal hedge output screens shows the annualized cost as a % of position value – that’s a way to compare apples-to-apples across different options expirations.
The end of the video includes a peak at the performance of our top names feature – so far, it has beaten SPY by 3.2% annualized, though the last two cohorts underperformed.
Looking forward to reading your thoughts in the comments as always.