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Secured Options July Update: Maintaining Defensive Positioning

August 4, 2020

Derivatives Portfolio Manager Sean Heron,CFA, discusses the investment approach for the Glenmede Secured Options Strategy during this monthly update, sharing the foundational principles for a repeatable process. He reviews the strategy’s ongoing defensive positioning, which, while limiting upside participation for the July expiration period, delivered outperformance versus the benchmark CBOE indexes for the period from mid-March through mid-July.