The Derivative

Options give you Options with Scott Phillips of Lavaca Capital

6 snips
Feb 27, 2025
Scott Phillips, CIO of Lavaca Capital and former auditor at KPMG, shares his journey from energy derivatives to options trading. He discusses the evolution and complexities of options strategies, emphasizing the need for better education in the field. Scott highlights the recent market volatility and its implications on trading strategies, as well as the importance of tailored solutions for clients. They also touch on misconceptions within options trading, the impact of growing ETFs, and the lessons learned from past market events.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

From Auditor to Trader

  • Scott Phillips started his career as an energy derivatives auditor at KPMG.
  • He transitioned to investment management, leveraging family capital to launch Lavaca Capital in 2014.
INSIGHT

Oversimplification of Options

  • Options are often oversimplified, leading to misunderstandings among investors.
  • The industry hasn't effectively conveyed complex option concepts in a clear way.
INSIGHT

Complexity in Options

  • Lavaca Capital evolved from simple to complex options strategies, and then back to simpler ones.
  • Complex option books can lead to unexpected outcomes due to the interplay of multiple Greeks.
Get the Snipd Podcast app to discover more snips from this episode
Get the app