Alpha Exchange

Dean Curnutt
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Nov 5, 2024 • 50min

Shailesh Gupta, Head of Structural Alpha, Simplify Asset Management

Shailesh Gupta, Head of Structural Alpha at Simplify Asset Management, shares insights from his expertise in derivatives and carry strategies. He discusses the intriguing concept of "carry" in financial markets, explaining its significance in option trading. Shailesh outlines risk management lessons from the VIX products crisis and emphasizes innovative yield-enhanced ETF strategies. He also delves into navigating interest rate volatility and the dynamics of bond markets, providing listeners with a clear perspective on trading in today's challenging environment.
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Nov 1, 2024 • 57min

Meb Faber, Founder and CEO, Cambria Investment Management

Meb Faber, Founder and CEO of Cambria Investment Management, shares insights on navigating market highs and the benefits of trend-following strategies. He argues that investing at all-time highs can be advantageous, citing data that supports continued uptrends. Meb emphasizes the significance of shareholder yield, especially in foreign markets, and discusses innovative tax strategies that optimize investment returns. The conversation offers valuable takeaways for managing risks and enhancing portfolio performance in a dynamic economy.
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Oct 26, 2024 • 21min

The DOTS (Discounting of Trump Success)

The podcast dives deep into how Wall Street prices in the uncertainty surrounding the upcoming election and Trump's potential impact. It highlights the phenomenon of elevated option premiums reflecting the market's fear. Insights from betting platforms and early voting data add an intriguing layer to understanding election probabilities. The discussion also touches on the unusual scenario of high volatility coupled with low correlation in stock prices, unpacking its implications for investors. A compelling look at market behavior and political risk awaits!
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5 snips
Oct 16, 2024 • 16min

Hedge When You Can, Not When You Have to

Discover why it's crucial to hedge during prosperous times rather than just when facing crises. The discussion addresses the patterns of implied volatility during major macro events like elections and Brexit. With a focus on navigating market uncertainty, it examines effective defensive trading strategies. Insights on the fluctuating S&P 500 emphasize the necessity of protective measures. The podcast also highlights various hedging strategies and the significance of proactive financial risk management in a volatile landscape.
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8 snips
Oct 9, 2024 • 17min

The Opera of Option Prices

In a recent discussion, the hosts tackle China's bold economic measures and the resulting 'volatility shot' that shook global markets. They dissect the characteristics of price and volatility spirals while analyzing their implications. The conversation also touches on the current political climate in the U.S. and its influence on market dynamics, especially concerning VIX fluctuations. Strategies for hedging investments amid growing uncertainties are a key takeaway, inviting insights from the audience on governance and skepticism in politics.
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Oct 5, 2024 • 16min

Option Prices are Singing

The discussion reveals how option prices can signal market movements and reflect risk premiums, much like a symphony in finance. It delves into gold and oil volatility amid geopolitical tensions, showcasing gold’s role as a safe haven. Insights into option pricing dynamics highlight the influence of supply and demand, with strategies for navigating today's economic uncertainties. The conversation also hints at the market's unease, suggesting that stock prices might lack safety margins given current conditions.
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Sep 23, 2024 • 16min

ODTE? No, OTTD!

Delve into the intriguing world of zero-day-to-expiration (0DTE) options and their unique behavior during Fed decisions. Discover how the market reacts to intraday option pricing, particularly on significant dates like FOMC days. The conversation also sheds light on the VIX's fluctuations as the U.S. elections loom, revealing insights on market volatility and investment risks. With tips for navigating these dynamics, this discussion is both engaging and valuable for market enthusiasts.
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28 snips
Sep 11, 2024 • 51min

Kris Abdelmessih, Co-Founder, Moontower AI

Kris Abdelmessih, Co-Founder of Moontower AI and a seasoned options trader, shares his rich experiences from market making to trading volatility. He discusses the critical importance of strong sell-side relationships and effective risk management strategies. Kris highlights the challenges faced when trading volatile ETFs, particularly referencing the April 2020 crude oil meltdown. He also delves into insights about micro-edge strategies and the evolving dynamics of trading in today's technology-driven markets.
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Sep 9, 2024 • 14min

Elections Have (Vol) Consequences

Former US President Barack Obama shares insights on the consequences of elections, focusing on their impact on financial markets. He discusses the implications of market volatility around the U.S. presidential debate and reflects on past events like Brexit. Obama emphasizes the significance of risk management strategies, particularly in derivatives. The conversation highlights how election outcomes shape market behavior, with volatility measures like the VIX being influenced by changes in supply and demand.
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Sep 3, 2024 • 15min

Lessons from the Rowdy VIX

Discover the intriguing dynamics of price discovery and liquidity in the financial markets. Delve into the significant disruption that occurred on August 5th, reshaping trading strategies in the S&P 500 options market. Explore the interconnectedness of equity and interest rate volatility, along with the evolving trends in VIX exchange-traded products. Learn how these elements affect market behavior and provide insights for navigating upcoming economic indicators and events.

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