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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$20.96
$0.10
0.48%
NAV
$20.9449
$0.0880
0.42%

Benchmark

Sector Equity

Fact Sheet
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SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.04
$0.10
0.37%
NAV
$27.0305
$0.0888
0.33%

Active

Fixed Income

Fact Sheet
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CASH

Horizons High Interest Savings ETF

Price
$50.16
$0.02
0.04%
NAV
$50.1421
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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Scenario 1

Low rate volatility

This is the “base case” scenario where rates are expected to remain fairly unchanged based on forward-looking estimates of future rate movements. This scenario calls for the core strategy to be used, known as the “short straddle”. The short straddle is characterized by selling a call and a put option at the same strike price, reflecting the probability of a rate cut or rate hike as equally “unlikely”. This allows PMs to write options very close to the spot price to take advantage of the most attractive premiums.