Insights
Needs & Obeservations
Decreasing Risk Adjusted Returns
Higher degree of correlation across markets adds risk without increasing return
Market Themes Exacerbate Option Mispricing
Exploit risk-on risk-off, beta chasing, etc. that pushes option volatility and skew
Investors Need Diversified Return Sources
The marketplace needs non-correlated sources of consistent, idiosyncratic returns
Opportunities
Finding opportunity by understanding the relationship between option prices, volatility, and waves