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Event Detail

Managing Volatility - The New Normal (Ended)

Date, Time, and Location:
Wednesday, June 08, 2016 (add this event to your Outlook Calendar)
4:30 pm - 8:00 pm
CBOE, 400 S. LaSalle Street, Chicago, IL  60605   (Driving Directions)

Program Description:
CFA Chicago in conjunction with the Options Industry Council (OIC) will be hosting two panel discussions at the Chicago Board Options Exchange. Industry experts will lead a discussion around the use of options by institutions. The second panel will focus on the emergence of volatility as a tradable asset. Following the program please stay for a networking reception hosted by OIC in the members lounge at the CBOE.

Moderators:
Joe Burgoyne III - Director, Institutional and Retail Education, Options Industry Council
Russell Rhoads, CFA - Director of Program Development, Options Institute, Chicago Board Options Exchange

Fee*:
Members - FREE
Student Members - FREE
Non-Members - $10
(member pricing underwritten by CFA Chicago)

CFA Institute Qualified Activity: Eligible for 1.5 credit hours

Attire: Business Casual

Menu: Refreshments and light appetizers

Registration: Online

Agenda:
4:30 pm - 5:00 pm: Registration
5:00 pm - 5:10 pm: Welcome and Panel Overview
5:10 pm - 6:00 pm: Option Strategies
6:00 pm - 6:10 pm: Break
6:10 pm - 7:00 pm: Volatility as a Tradable Asset
7:00 pm - 8:00 pm: Reception

Hosted by: Education Advisory Group and the Options Industry Council

Moderators:

Burgoyne Joseph F. Burgoyne III is Director, Institutional and Retail Education for The Options Industry Council. He is responsible for supporting the institutional, retail and university outreach educational programs. Additionally, Mr. Burgoyne serves as a staff instructor for The Options Industry Council. Burgoyne has spent over 30 years in the financial industry. Prior to joining The OIC he served as Director of Business Development for IVolatility. Previously, he was Managing Partner of Burgoyne Capital Management, LLC. Burgoyne also managed the floor operations at the Philadelphia Stock Exchange for Van der Moolen Options USA and Tague Securities. His responsibilities included risk management, making markets as both a specialist & market maker and the development of proprietary databases.

Rhoads Russell Rhoads, CFA, is Director of Program Development for 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, and Millennium 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 has authored Option Spread Trading: A Comprehensive Guide to Strategies and Tactics and Trading VIX Derivatives: Trading and Hedging Strategies Using VIX Futures, Options, and Exchange Traded Notes. 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. Rhoads is a double graduate of the University of Memphis with a BBA and an MS in Finance with a Master's Certificate in Financial Engineering from the Illinois Institute of Technology. He is currently pursuing a PhD from Oklahoma State University.

Panelists

Panel 1

Bhote Xerxes K. Bhote joined MKM Partners in July 2015. He is an Executive Director of Institutional Equity Derivatives Sales and has worked with institutional clients on systematic yield enhancement programs. Xerxes' background encompasses both fixed income and equity derivatives products. Prior to MKM, he was a Senior Vice President at TJM Investments, LLC. Bhote has been a guest speaker and panelist at events such as the OIC Wealth Advisor Summit, the STA Conference, and NYSE.

Gilbert Stacey Gilbert heads Susquehanna Financial Group, LLP's Derivative Strategy Team. Her team works together to provide market commentary, actionable ideas and trading strategies driven by catalyst events, noteworthy trades in option and ETF products or the analysis of price distributions and volatility as implied by the options market. Throughout her tenure at SIG, Gilbert has held several senior trading roles on the trading desk and the American Stock Exchange trading both options and ETFs. In addition to her trading roles, Gilbert managed SIG's Education Department, where she was responsible for teaching SIG's Assistant Traders the principles of trading before becoming traders for the firm. Gilbert has regular appearances on CNBC to provide options and ETF commentary and is quoted in WSJ, Barron's and other financial publications.

Heitz April Heitz is an Equity Analyst for DRW Holdings, LLC where she specializes in equity options focusing on a volatility arbitrage strategy. She is responsible for performing research across a variety of industries to evaluate fundamentals, identify catalysts, and discover trading opportunities. Prior to joining DRW, Heitz served as an Analyst for Spot Trading, LLC and Peak6 Investments, LP. Heitz is a member of the 100 Women In Hedge Funds Philanthropy Committee and a CFA Society Chicago Candidate member. She holds a Master of Science in Finance from Loyola University Chicago and a Bachelor of Science in Civil and Environmental Engineering from the University of Cincinnati.

Panel 2

Sebastian Mark Sebastian is a former member of both the Chicago Board Options Exchange and the American Stock Exchange. The Author of the popular trading manual "The Option Traders Hedge fund." He is a frequent guest on CNBC, Fox Business News, Bloomberg, First Business News. Sebastian has been published nationally on Yahoo Finance, quoted in the Wall Street Journal, Reuters, and Bloomberg and is an "all-star contributor" for TheStreet.com's Option Profits Team. Sebastian is also, the managing editor for Expiring Monthly: The Option Traders Journal an all-digital, all options magazine. Sebastian has spoken for the CBOE, the ISE, CME, VOLX and is a co-host on the popular Option Block Podcast and Volatility Views podcast. Sebastian has a Bachelor's in Science from Villanova University.

Shore Mark Shore founded Shore Capital Research LLC in 2008. Shore has more than 25 years of investment, research, portfolio management and alternative investment experience. He is the Founder and Chief Research Officer of Shore Capital Research LLC that consults in alternative investments regarding due diligence, research, educational workshops, business development and expert witness research. Shore is an Adjunct Professor at DePaul University's Kellstadt Graduate School of Business. He is also a Board Member of the Arditti Center for Risk Management at DePaul University. He is also a board member for the NIBA advisory board and PRMIA Chicago Steering Committee. He is a Contributing Writer for Eurex Exchange, the CBOE and CBOE's futures exchange (CFE), Swiss Derivatives Review and MicroCap Review. Shore has contributed chapters to a couple of Wiley & Sons books on hedge funds and commodities including The Handbook of Commodity Investing released in 2008.

Thompson Mike Thompson, CFA has over 17 years of experience constructing and managing portfolios, including senior roles at William Blair & Company and Northern Trust Company. Thompson later provided derivatives modeling and management expertise for a start-up derivatives exchange in Chicago. From 2008 through 2012, Thompson co-developed a VIX futures strategy that began trading on a proprietary basis in October 2011. In 2013, Thompson began trading the strategy as a principal of Advocate Asset Management, LLC, and subsequently for a registered CTA, Typhon Capital Management. Thompson is a member of the CFA Society Chicago and earned a BS in Economics from the University of Illinois at Urbana/Champaign.

*Special Notes Regarding Fees:
Credit card is required to guarantee ALL reservations. Day-of-event registrations accepted on-site only if applicable and space available. Cancellations accepted until 5:00 pm, June 2. If guests fail to cancel before the deadline and/or fail to attend the event they will be charged a $20 fee.

Passport Program
Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.