In the above clip from this morning’s The Macro Show, Hedgeye CEO Keith McCullough walks Hedgeye Nation subscribers on how he evaluates IVOL and optimizes the position within his portfolio.
“I buy at least 50 basis points of IVOL on every down day,” says McCullough, as he discusses how yield curve steepening affects his IVOL position. “…particularly as we get close to the end of the month, because it pays a wonderful distribution, as many of you know.”
