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, TradeLink Securities 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 recently finished work on 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.

No Comments

Next Week in Weeklys – 10/13 – 10/17

There were no additions to the Weeklys list this week.  Below is a list of companies with Weeklys reporting earnings next week.  Note the list is pretty long as next week we are getting into third quarter earnings results.   I missed LVS which reports Thursday after the close, but will post those numbers when [...]

No Comments

Tomorrow’s Spot VIX Calculation Change

As all the VIXophiles out there know, beginning October 6, 2014 there is a small change to how the spot VIX index is going to be determined. Instead of the next two standard option expiration series with at least eight days remaining until expiration, the two SPX or SPX Weekly option series that expire closest [...]

No Comments

This Week in VXST – 9/5/2014

VXST moved up a little on Monday, as it always does after a long weekend and worked higher into Friday’s employment report on Friday. Note that on Friday, with the S&P 500 under a little pressure, VXST actually opened lower. We are still getting a feel for how VXST acts around big economic numbers and [...]

No Comments

Day 3 CBOE RMC Europe Recap

The final day of the 2014 edition of CBOE RMC Europe began with an excellent keynote presentation from Pete Clarke the Global Head of Equity Derivatives Strategy at UBS. He spoke on Global Equity Derivatives Trading Themes – Dislocations and Opportunities for a Diverse Investor Base. He discussed several trading themes but did end with [...]

No Comments

Correlation and Dispersion Trading Discussion at CBOE RMC Conference

One of the final sessions of the day teamed up Daniel Danon, Senior Vice President, Portfolio Management and Structuring at Assenagon Asset Management and Tim Edwards, Director of Index Investment Strategy at S&P Dow Jones Indices. Their presentation was titled Correlation and Dispersion: What They Mean and How to Trading Them. Tim Edwards began the [...]

No Comments

Management of Asian and Cliquet Option Exposure at CBOE RMC

The speakers for this session were Pin Chung Chief Financial Officer and Chief Investment Officer, R+V International Business Services Limited and Dr. Rachid Lassoued, Head of Financial Engineering from Bloomberg. The session title was Management of Asian and Cliquet Option Exposures for Insurance Companies. Dr. Chung began the session by reviewing Asian and Cliquet options. [...]

No Comments

CBOE RMC Europe Day Two Recap

Day 2 is a wrap in Ireland and the presentations covered a wide spectrum of information. The day began with CBOE CEO Ed Tilly making welcoming remarks as well as discussing new initiatives at CBOE that include expansion of SPX and VIX option trading hours as well as the introduction of futures trading on the [...]

No Comments

Volatility of Volatility Discussion at CBOE RMC Europe

Abhinandan Deb from Bank of America Merrill Lynch and Jean-Gabriel Prince from BlackRock split duties discussing the Volatility of Volatility. Deb led things off noting that we need to care about the volatility of volatility as we continue to see robust growth in volatility related option trading volumes and open interest. He showed several examples [...]

No Comments

Panel on Trends in Institutional Options and Volatility Product Usage

Today at the CBOE RMC Europe conference Robert McGlinchey, Director and Co-founder of EQDerivatives led a lively panel discussion on Trends in Institutional Options and Volatility Product Usage. Robert introduced the panelists which represent US and European institutions as well as a variety of types of firms – Jean-Francois Bacmann, Portfolio Manager and Head of Volatility Strategies, [...]

No Comments

Emerging Markets Investing Discussed at CBOE RMC Europe

The keynote speaker for today’s CBOE RMC Europe conference was David Hauner who is the Head of EEMEA Cross-Asset Strategy and Economics at Bank of America Merrill Lynch. His presentation was titled Emerging Markets: Attractive Investment of Global Systemic Risk? I found this particularly interesting as I closely monitor the CBOE Emerging Markets ETF Volatility [...]

One Comment

Day One CBOE RMC Europe Recap

The 3rd edition of CBOE’s Risk Management Conference held in Europe commenced today with three presentations covering a diverse range of topics. The day began with an informative and educational presentation on Option and Volatility Strategies by Paul Stephens and Colin Bennett.  More color from this colorful presentation may be found at – http://www.cboeoptionshub.com/2014/09/03/rmc-kicks-primer-options-volatility-strategies/ Bill [...]