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SPY put spreads purchased amid overbought market, Michael Kao notes

SPY put spreads purchased amid overbought market, Michael Kao notes
SPY put spreads amid market risks

Michael Kao, CIO at Akadia Capital, shared that he is buying SPY put spreads for the first time in a while.

He points to concerns about a potentially prolonged Iran war and an oil market rebalancing scenario, describing the current market as 'whistling past the graveyard' and massively overbought.

Kao has previously discussed risks in relying on insider trading insights and online market reaction tools in recent commentary. In March, he highlighted the use of new tools to analyze global equity and ETF valuations, comparing current figures to historical norms in a valuation update. His latest comments come as he adapts his positioning amid heightened geopolitical and commodity concerns.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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