Risk Mitigation or Income: What May Make Sense in Today's Options Markets
The markets have been very volatile. Hedging can be expensive in these kinds of markets. Maybe an overlay strategy is a better approach. Join industry professionals from the derivatives space as they assess today’s opportunities in the options market. Various hedging strategies and their costs will be discussed. Learn how the markets have recently behaved and what could potentially lie ahead. Is implied pricing being reflected fairly, are skews too steep, should you be a net buyer or seller of options? Join our select group of portfolio managers and data professionals as they discuss current market dynamics.
Eric oversees all investment strategies and portfolio management activities at the firm. Prior to joining SRA, Eric was the Derivatives Strategist and Portfolio Manager at RiverNorth Capital Management, managing both mutual fund and hedge fund assets (and was a client of SpiderRock). He began his career with the Chicago Trading Company on the floors of the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). After the trading floors, Eric was a senior trader and partner at Ronin Capital and Bengal Capital, both proprietary trading firms specializing in volatility arbitrage.
Eric graduated, Magna Cum Laude, from the University of Michigan with a B.S.E in Industrial and Operations Engineering. He earned his M.S.E., with honors, in Industrial and Operational Engineering, and was enrolled in the program’s PhD program. Eric is a CFA Charterholder, a member of the CFA Institute and the CFA Society of Chicago.
Stacey Gilbert is a Portfolio Manager on the Derivatives team for Glenmede Investment Management LP (GIM). She co-manages the firm’s Secured Options and Global Secured Options strategies. Ms. Gilbert contributes to the overall investment approach for the strategies and serves as a key point of contact for clients.
Ms. Gilbert joined GIM in 2019 as a Portfolio Manager. She most recently served as the Head of Derivative Strategy at Susquehanna Financial Group. During her more than two decades at Susquehanna, she held several leadership positions, including key senior positions on the trading desk and the American Stock Exchange, trading both options and ETFs. Ms. Gilbert also led the company’s Education Department.
Ms. Gilbert earned a Bachelor of Arts degree in mathematics and a minor in economics from Dartmouth College in 1997.
Henry Schwartz is the president and founder of Trade Alert LLC, a leading provider of real-time option activity alerts and flow analysis tools to equity derivative professionals. Trade Alert systems combine low-latency exchange data with robust models and extensive market experience to help the largest institutional trading desks identify and interpret market activity as it occurs, supporting informed trading decisions and intelligent idea generation. Proprietary content includes high-frequency sweep-order identification, post-trade complex order assembly, open-interest tracking, custom baskets and more. Henry’s experience includes trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and market-making on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to launching Trade Alert, he led the electronic market-making group at Bank of America coinciding with the launch of the first fully electronic options exchange, the ISE. He holds a bachelor’s degree in Economics from the University of California, San Diego and a Master’s degree from NYU’s Stern School of Business.