Artificially Intelligent Markets
14 August 2025VIX Put Carry Strategy
15 August 2025One Pager
PUTD Alpha Strategy
By Validus - 15 August 2025
Validus PUTD Alpha Strategy
Kambiz Kazemi, Chief Investment Officer
Summary
The PUTD Alpha strategy builds on the Cboe Validus Dynamic PutWrite Index (PUTD), a systematic, cash-secured put-writing approach on the S&P 500. This long/short strategy is designed to capture the performance edge of PUTD versus the broader equity market by combining a long position in the PUTD ETF with a short position in the SPY ETF.
Inside the one-pager
- Introduction to the PUTD Alpha Strategy
- Annual and historical performance vs. SPY
- Backtest data from 2006 to 2025
Source
Bloomberg, Validus Risk Management