The Cost of a “Costless” Collar

In the world of options trading, the term “zero-cost collar” often suggests a strategy that offers downside protection without any costs to the investor. However, while the strategy may not require an upfront payment, it is not without an implicit cost…...

The Market in Pictures, June 6

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from rare timing setups and market breadth to the economy, earnings, and US/foreign market exposures. Enjoy!   Tariff Tantrum vs....

Rearview to Windshield, June 2025

Market Recap – May 2025: To some, it may feel miraculous that the S&P 500 is now positive on the year – which was a new development during the month. March and April should be categorized as having apocalyptic soft data, which is also known as survey data, but...

The Market in Pictures, May 30

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from earnings and the economy, to international comps and DC taxes and spending. Enjoy!   John Luke: The S&P 500 has developed...

Aptus Musings: Q1 2025 Earnings Recap

I hope that everyone had a great Memorial Day Weekend! We’ll start with two newsworthy pieces:   1. Now that the “One, Big Beautiful Bill” has passed the House and is on its way to the Senate, I’ll start shifting some Musing focus over the...

Breaking Down 10 Year Bond Yields

While there is certainly a lot going on in rates markets, it’s been interesting to see participants give more attention to the fiscal backdrop of the US government. It comes as no surprise that the weighted average cost of our government debt has increased...