aisoftware

2022 Active Overwrite Commentary – Q4

01/26/2023 Active Overwrite Commentary

Read our Q4 Active Overwrite Commentary for a review of strategy performance and positioning during the quarter. 2022 Q4 Active Overwrite Commentary

December 2022 Volatility Briefing

01/24/2023 Quick Takes

By several measures, 2022 provided investors with one of the most volatile and challenging years in history. Ongoing assessment of whether Federal Reserve (Fed) policy ...

Active Overwrite Performance Summary – Q4 2022

01/19/2023 Active Overwrite Commentary

Throughout the quarter, the Gateway Active Index-Option Overwrite Composite (the Composite) provided equity market participation and consistent loss mitigation. Most of the Composite’s outperformance versus ...

Index/RA Performance Summary – Q4 2022

01/19/2023 Flagship (Index/RA) Commentary

Throughout the quarter, the Gateway Index/RA Composite (the Composite) provided equity market participation and consistent risk mitigation. From the beginning of the quarter through October ...

Option Writing Premiums Were a Bright Spot in a Dark Year for Investors

01/18/2023 Market Perspective

The Federal Reserve’s (the Fed) monetary policy transition from accommodative to tightening was sudden – asset purchases to support the economy ended in March 2022, ...

December 2022 Market Recap

01/09/2023 Market Recap

The S&P 500® Index returned 7.56% in the fourth quarter, bringing its calendar year return to -18.11%. With monthly returns of 8.10%, 5.59% and -5.76% ...

Elevated Volatility Increases Option Premiums

12/20/2022 Quick Takes

Higher implied volatility results in higher option premiums. Black-Scholes pricing model analysis of one-month at-the-money (ATM) S&P 500® Index call and put options utilized by ...

November 2022 Volatility Briefing

12/15/2022 Quick Takes

Implied volatility trended down as the market continued its rally in November. The Cboe® Volatility Index (the VIX®) ended October at 25.88, reached an intra-month ...

Away from Zero¹ – The Not So Mysterious Case of Higher Interest Rates

12/09/2022 Market Perspective

If the story of 2022 stock and bond market returns was written as a whodunit, the crack detective protagonist would have a primary suspect list ...

November 2022 Market Recap

12/05/2022 Market Recap

The S&P 500® Index returned 5.59% in November, bringing its year-to-date return to -13.10%. The market advance was driven by lower-than-expected inflation and hopes that ...