Matt Moran

Matt Moran

Matt Moran is vice president of business development for Chicago Board Options Exchange (CBOE), where he communicates with pension funds, mutual funds, and financial advisors. He has delivered more than 200 presentations worldwide on the topics of managing volatility and adding income with option-writing strategies. Previously, he served trust counsel at Harris Bank and vice president at Chicago Mercantile Exchange. He is an associate editor of two Institutional Investor publications — The Journal of Trading and The Journal of Index Investing. Mr. Moran holds JD and MBA degrees from the University of Illinois.

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Discussion of Risk Premia and Volatility Selling Strategies

Can volatility-selling strategies deliver superior risk-adjusted returns over the long term, particularly in light of the fact that index options generally have been richly priced? On Friday at the CBOE Risk Management Conference (RMC), presentations on Risk Premia and Volatility Selling Strategies were delivered by Donald Pierce, CFA, Chief Investment Officer, San Bernardino County Employees’ […]

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Presentations on Interest Rate Volatility and the VXTYN Index

The topic of volatility of interest rates and bonds has the potential to be of huge concern and importance to many individual and institutional investors in the next few years. On Thursday at the 31st CBOE Annual Risk Management Conference in Carlsbad, presentations on Interest Rate Volatility were delivered by – Yoshiki Obayashi, Managing Director, […]

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Options-Based Funds Had Lower Standard Deviation Over the Past 15 Years

On Wednesday at the 31st Annual CBOE Risk Management Conference, a joint presentation on a new study was delivered by Keith Black, Ph.D., CAIA, CFA, Managing Director, Curriculum and Exams, Chartered Alternative Investment Analyst (CAIA) Association.  (Edward Szado, Assistant Professor of Finance, Providence College was scheduled to be on the panel with Dr. Black, but […]

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Panel on The Evolution of Options Strategies on the Buy-Side Trading Desk

On Wednesday at the CBOE Risk Management Conference, a panel discussed The Evolution of Options Strategies on the Buy-Side Trading Desk. Participants in the discussion were — Moderator: Andy Nybo, Principal, Head of Derivatives, TABB Group Andrew Claeys, CFA, Director of Trading, Analytic Investors Ken Kwalik, Portfolio Manager, Investment Management Division, Goldman Sachs Mahsa Zeinali, […]

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BXY and PUT Indexes – Lower Standard Deviation and Higher Return Over the 26.5 Years

On Wednesday at the 31st Annual CBOE Risk Management Conference, a presentation on a new study was delivered by Keith Black, Ph.D., CAIA, CFA, Managing Director, Curriculum and Exams, Chartered Alternative Investment Analyst (CAIA) Association.  (Edward Szado, Assistant Professor of Finance, Providence College was scheduled to appear with Dr. Black but was delayed by bad […]

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Bill Speth Discusses New CBOE Options-Based Benchmark Indexes

On Wednesday at the Risk Management Conference (RMC), a presentation on New CBOE Options-Based Benchmark Indexes was William Speth, Vice President, Research and Product Development, CBOE. Mr. Speth made a number of points, including — CBOE now offers benchmark indexes with systematic use of options / futures to achieve an investment objective such as (1) […]

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Berlinda Liu on Deciphering VIX Futures Term Structure

On Wednesday at the 31st Annual CBOE Risk Management Conference in California, Ms. Berlinda Liu, Director of Index Research and Design, S&P Dow Jones Indices, delivered a presentation entitled Deciphering VIX Futures Term Structure. In her presentation Ms. Liu noted that — When VIX is in Contango, the term structure is upward sloping; Shorter-term futures […]

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Samuel Kadziela Delivers Primer on Volatility Analysis and Trading Strategies

On Wednesday at the 31st Annual Risk Management Conference (RMC) in California, Samuel Kadziela, Director of Education at Chicago Trading Company, delivered a presentation entitled Primer on Volatility Analysis and Trading Strategies. Mr. Kadziela noted that — Realized volatility is the volatility of the underlying contract over some period of time; Implied volatility is derived […]