Russell Rhoads, CFA

Russell Rhoads, CFA

Russell Rhoads, CFA, is Director of Education for the CBOE Options Institute having joined CBOE as an instructor in 2009. His career before CBOE included positions at a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, Balyasny Asset Management, and Millennium Management. He is a financial author and editor having contributed to multiple magazines and edited several books for Wiley publishing. He is the author of five market related books including Trading VIX Derivatives, Option Spread Trading, and Trading Weekly Options. He is currently finishing up two books to be published in the summer of 2016, Volatility Trading Strategies and Options for Institutions and Advisors. Finally, he co-authored material to be included in Level II of the CFA program beginning in the spring of 2017. In addition to his duties for the CBOE, he is an adjunct instructor at Loyola University and the University of Illinois - Chicago. 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 Tech in 2003. In addition to his duties for CBOE, he is currently pursuing a PhD from Oklahoma State University with an expected graduation date of December 2017.

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Discussions Focusing on Short Volatility Strategies Today at RMC

Stephen Crewe from Fulcrum Asset management and Dhvani Gupta from Barclays shared the presentation duties during a session titled Implementing Systematic Short Volatility Strategies at the 5th Annual European CBOE RMC this afternoon. Dhvani Gupta started things off noting that the SPX Implied – Realized Volatility Premium has averaged 4.3% since January 1990 through present.  […]






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Long Volatility Alternatives Discussed at RMC

Daniel Danon from Assenagon Asset management and Nicolas Vanhoutteghem from Argentiere Capital teamed up for a discussion around Implementing Long Volatility Exposures at CBOE RMC in Ireland this afternoon. Danon kicked things off with a discussion centering around creating an affordable volatility exposure.  This is a topic that we could probably have a single full […]






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Panel Discussion on Volatility Based Investment Strategies at RMC

The first afternoon session at CBOE RMC Europe was a discussion titled Panel on Volatility-Based Investment Strategies.  The panel moderator was Chris Limbach, Managing Director Investments, PGGM Institutional Business.  The panelists were: Uri Geller, Co-Founder and CIO, Granite M.S.A LTD Roy Hoevenaars, PhD, Portfolio Manager, Blenheim Capital Management Fergus Taylor, Portfolio Manager, Arrowgrass Capital Partners […]






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Panel Discussion on Institutional Liabilities and Option Strategies

The final session at CBOE’s Risk Management Conference in Europe today was a panel discussion that was titled Real Money:  Institutional Liabilities and How Options Strategies Can Help.  The moderator was Abhinandan Deb, Head of European Equity Derivatives Research, Bank of America Merrill Lynch.  The panelists were: Jon Havice, President and Chief Investment Officer, DGV […]






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Presentation on Volatility Risk Premia at RMC Today

The second presentation on the first day of RMC featured a discussion titled Constructing / Deconstructing Volatility Risk Premia Strategies delivered by Roni Israelov from AQR Capital Management.  This presentation centered around an article that appeared in the Financial Analysts Journal in 2015 titled Covered Calls Uncovered which may be found at www.aqr.com/library/journal-articles/covered-calls-uncovered This presentation […]






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RMC Presentation by Bill Speth and Matt Moran from CBOE

The first session that kicked off the 5th Annual European version of CBOE’s Risk Management Conference involved a discussion titled New Developments in Options and Volatility-Based Benchmarks delivered by Bill Speth and Matt Moran. Bill kicked things off talking about some current and pending strategy based indexes created by CBOE.  The indexes discussed were: CBOE […]