What Are My Options? Digging into Overwrite Strategies

What Are My Options? Digging into Overwrite Strategies
Please join the Education Advisory Group for VIRTUAL EVENT as we welcome Rich Excell, CFA, as he moderates an informative panel with Eric Metz, CFA (CIO at Spiderrock Advisors), Allison Stankowicz, CFA (Managing Director at PEAK6 Capital Management), and Ted Samulowitz, CAIA, CIMA (Senior Portfolio Manager and Head of Alternatives for the Invesco ETF Business) as they discuss option strategies.



This event is a VIRTUAL EVENT the Zoom link will be sent to all registrants before the event. 

What you will learn:

  • The magnitude of the flows into option buy write funds and ETFs
  • The drivers behind these flows
  • How these flows impact the market structure
  • How these flows impact option market signals traditionally followed by investors

Moderator: 


Richard Excell, CFA
is a Clinical Assistant Professor of Finance at the University of Illinois, Gies College of Business. He has retired as a Senior Portfolio Manager at Wolverine Asset Management in Chicago where he ran a global equity long/short hedge fund portfolio. In this role, he oversaw a portfolio that combined quantitative factor and discretionary macro analysis, with bottom-up fundamental analysis and derivatives trade implementation to create a concentrated long/short portfolio that aims to deliver high risk-adjusted returns for institutional investors.

Before joining WAM, he was the CIO and a partner at Satori Investment Partners.  He spent the majority of his career with UBS O’Connor, where his last role was Managing Director, Senior Portfolio Manager and Co-Head of the Fundamental Equity Market Neutral Fund.  Prior to this, as head of the European office, he was responsible for both the global macro and the equity long/short strategies.  Earlier in his career, he built and managed foreign exchange, precious metals, and emerging market cash and derivatives trading businesses around the world while with O’Connor, First Chicago, BZW (Barclays Capital) and Crédit Agricole Indosuez and has lived in Japan, Hong Kong, Singapore, Switzerland and the UK. 

Panelists: 


Eric Metz, CFA
oversees all investment strategies and portfolio management activities at the firm. Prior to joining SRA, Eric was the Derivatives Strategist and Portfolio Manager at RiverNorth Capital Management, managing both mutual fund and hedge fund assets. He began his career with the Chicago Trading Company on the floors of the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). After the trading floors, Eric was a senior trader and partner at both Ronin Capital and Bengal Capital, proprietary trading firms specializing in volatility arbitrage. 
Eric graduated, Magna Cum Laude, from the University of Michigan with a B.S.E in Industrial and Operations Engineering. He earned his M.S.E., with honors, in Industrial and Operational Engineering, and was enrolled in the program’s PhD program. Eric is a CFA Charterholder, a member of the CFA Institute, the CFA Society of Chicago and a board member of the OIC Institutional Advisory Council.

Allison Stankowicz, CFA 
Allison Stankowicz, Managing Director at PEAK6 Capital Management. She began her journey as a graduate from the University of Notre Dame in 2016 with a bachelor’s degree in Finance. Upon graduating, she joined PEAK6 Capital Management and began building up experience trading single stock equity options of all liquidity profiles. In the span of four years, she specialized in trading illiquid options before stepping up and leading the acquisition of Hardcastle Trading in 2020. The addition of this international option market making firm marked a monumental expansion for PEAK6 Capital Management. Topping off her achievements in 2020, she also became a CFA Charterholder. Following the two firms' successful merger in 2021, Allison moved into her current Managing Director role where she is part of the trading desk’s leadership team. In addition to managing multiple teams, she continues to grow the firm and its capacity through strategic initiatives, new trading strategy development, and people growth. 

Ted Samulowitz, CFA, CAIA, CIMA, Senior Portfolio Manager Commodities and Alternative Strategies at Invesco US. Ted Samulowitz is Head of Alternatives, Senior Portfolio Manager for Invesco's exchange-traded funds (ETFs). In this role, he is responsible for the management of the commodity, currency, volatility, and real estate investment trust (REIT) funds. Mr. Samulowitz joined Invesco in 2012. Prior to his current role, he was a portfolio manager for alternative ETFs. Before joining the firm, he traded volatility arbitrage and special situations for CMT Asset Management and Endurance Capital Management. Before that, Mr. Samulowitz managed global macro and commodity portfolios at Ritchie Capital Management, a multistrategy hedge fund. He started his career as a member of the Chicago Board of Trade, where he worked as a volatility arbitrage trader in US Treasury bonds and notes. With the growth of electronic trading in Europe, Mr. Samulowitz became a member of the Eurex Exchange, where he was a market maker in German equity options. Mr. Samulowitz earned a BS degree with a concentration in agricultural economics from Purdue University. He is a Certified Investment Management Analyst® (CIMA) and a Chartered Alternative Investment Analyst (CAIA) professional.

Hosted by: CFA Society Chicago Education Advisory Group


Fee: 
Members - $20
Student Member - $10
Non-Members - $40

(Member pricing underwritten by CFA Society Chicago.)




CFA Institute Qualified Activity: Eligible for 1 credit hour

Attire: Business Casual

Registration: Online
Online registration closes at 5:00PM on February 20, 2024

Agenda:
Webinar - Zoom link will be distributed. 
5:00- 6:00 p.m. - Program conversation 

Location:  Zoom link will be provided to all registrants via a reminder email that is sent the day before the event, February 20. 



*Special Notes Regarding Fees:
 
Credit card is required to guarantee ALL reservations. Day-of-event registrations accepted onsite only, if applicable and space available. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 PM, February 20, 2024.

Passport Program:
Members of any CFA society may attend at the CFA Society Chicago member rate. Please Use code PPORTLIVE for in person events and PPORTWEB for webcasts for member pricing. If you are only a member of CFA Institute, you do not qualify for the Society member rate.
 
CFA Institute CE Qualified Activity:

This program qualifies for (1) credit under the guidelines for the 
CFA Institute Professional Development Program
.

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.
 

When
2/21/2024 5:00 PM - 6:00 PM
Where
Virtual Event (Zoom) UNITED STATES

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