Russell Rhoads, CFA

Russell Rhoads, CFA

Russell Rhoads, CFA, is a Senior Instructor with the Options Institute at the Chicago Board Options Exchange. He joined the Institute in 2008 after a career as an investment analyst and trader with a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, and Millenium Management. He is a financial author and editor having contributed to multiple magazines and edited several books for Wiley publishing. In 2008 he wrote Candlestick Charting For Dummies. Since joining the Options Institute he authored Option Spread Trading: A Comprehensive Guide to Strategies and Tactics which was released in January 2011 and also wrote Trading VIX Derivatives: Trading and Hedging Strategies Using VIX Futures, Options, and Exchange Traded Notes which was published in August 2011. He recently finished work on The Warren Buffett Way 3rd Edition Workbook and Trading Weekly Options: Pricing Characteristics and Short Term-Trading Strategies. In addition to his duties for the CBOE, he is an adjunct instructor at Benedictine University and acts as an instructor for the Options Industry Council. He is a double graduate of the University of Memphis with a BBA ('92) and an MS ('94) in Finance and also received a Master's Certificate in Financial Engineering from the Illinois Institute of Technology in 2003. He is currently pursuing a PhD from Oklahoma State University with an expected graduation date of December 2017. Finally, Russell is a lifetime member of the Minor League Baseball Alumni Association.

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Checking in on VIX Weeklys Futures Price Action

Tomorrow morning we will get the settlement print for the August 26th VIX Weeklys Futures contract.  You never know how a product is going to trade until it is set free upon the marketplace.  The assumption with respect to VIX Weeklys Futures was that the nearest expiring contract would closely track price action in spot VIX.  The […]






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Long August VIX Puts Into Expiration

Author’s note – over the weekend I discussed the price behavior of VIX futures and options into monthly settlement.  I start this blog off restating the idea behind this sort of trade and then follow up with the outcome based on Tuesday closing prices and today’s August VIX Settlement of 14.78.  The Backstory Something I […]