Trading Options & Volatility to Provide Non Correlated Returns |‪ With Noel Smith, CIO Convex

Описание: For Episode 27 of the Achieving Alpha Podcast, I was delighted to interview Noel Smith who is a Managing Partner and the Chief Investment Officer of Convex Asset Management, as well as the Head of Options Trading at Tanius Technology. As a member of the CME, CBOT, and CBOE, Noel has over 25 years of experience trading volatility, Market-Making, and managing risk.

Noel Smith has collaborated with faculty and students and Columbia University, crafted white-papers, spoke at many industry conferences, and provided insights with the financial media.

Previously, Noel was the CIO and Portfolio Manager of two separate Chicago-based proprietary derivatives trading firms. He was the seed investor who financed the launch of GETCO LLC (KCG/Virtu), a global high-frequency trading firm that grew to account for 20%+ of trading volume in the U.S. As a founding member of Third Millennium Trading in 1996, Noel led the firm to become one of the largest U.S. equity options Market-Makers, backing over 65 traders at the CBOE, CME, and CBOT.

Noel is an expert in options, stocks, bonds, ETPs, commodities, futures, and volatility. As a quantitative investor and risk manager, Noel is versed in high-frequency trading (HFT), relevant market structure and the underlying technology.

Noel attended the University of Illinois at Urbana-Champaign, where he received a degree in Biochemistry and performed research at the Beckman Institute in Neuroscience. As a student, Noel was a member of the University of Illinois men’s ice hockey team. Noel is a proud veteran of the U.S. Army where he was a specialist in microwave and satellite communication systems.

Noel is also a member of the Board of Directors for Imerman Angels, an international cancer charity that has helped over 35,000 people in over 135 countries.

During the discussion the Host, Steven Budgen & Noel Smith discuss his background in investing, why trading options offer you a non market correlated return, types of options strategies, dispersion strategy, interest rate futures, volatility of major events & geo political issues, Japan Carry Trade summary and how he traded it and future events that could affect the market.

Chapters

00:00 - Teaser of Episode
00:01:06 - Introduction to Noel Smith & Convex Strategy
00:05:42 - Dispersion Strategy
00:11:32 - How Investors Use Options
00:14:19 - Importance of Quantitative Data
00:16:54 - Trading Interest Rate Futures
00:20:21 - Volatility
00:27:42 - Japan Carry Trade Experience
00:29:36 - Future Events to Watch
00:31:55 - How People Can Find out more About Noel Smith & Convex Asset Management.

Find out more about Noel Smith on X:

https://x.com/NoelConvex

Find out more about Noel Smith on Linkedin:

  / noel-smith-chicago  

Website: http://www.convexam.com

This episode was recorded on Thursday 3rd October 2024.

Find out more about the host, Steven Budgen at:

www.etoro.com/people/bees84

www.stevenbudgen.com

X: @ProofofSteve
@AchievingalphaP

Linkedin: www.linkedin.com/stevenbudgen

Want to Donate to the Host for making these free educational podcasts for you? Why not buy him a coffee at the following link: buymeacoffee.com/achievingalphapodcast

Interested in advertising on the podcast? or you think you might have what it takes to be a good future guest on the show? You can email the host Steven Budgen at: [email protected]

This material does not amount to investment advice and should not be taken as a recommendation to buy or sell any financial instruments.

#optionstrading #trading #volatility #investing #stocks