Secured Options November Update: Strategy captured upside in November, takes more balanced view for month ahead

December 4, 2020

Despite the defensive positioning for the November expiration cycle, the Glenmede Secured Options Strategy outperformed the S&P 500 during the period while only slightly underperforming its CBOE options benchmarks. Currently, market volatility remains elevated, although downside skew is starting to subside. The strategy enters the December cycle still maintaining a defensive positioning but with a more neutral stance.