You own a large long position in SPY and want to fully hedge your position. You are only considering selling S&P futures or buying SPY puts to hedge your position. Which of the following factors would be the most likely to increase your desire to sell SPY futures rather than buy SPY puts?

Check All That Apply

• You don't care whether or not you will continue to own SPY.

  You don't care whether or not you will continue to own SPY.

• The VIX index is quite high.

  The VIX index is quite high.

• You want maximum leverage.

  You want maximum leverage.

• The near-term dividend rate is high.

  The near-term dividend rate is high.

• You expect interest rates to be volatile.