TOPIC: Trading Volatility
There have been listed volatility derivatives since 2004, but most traders don’t understand how these products work, or how they can be used for speculation as well as for protection. In this seminar, we’ll look at $VIX futures and options, as well as at a number of the popular Volatility ETNs and ETFs, such as VXX and several others.
- CBOE Volatility Indices
- How to use $VIX futures for speculation
- Why $VIX options are really futures options
- Structured volatility products: VQT and VQTS
- The latest ETF’s: VXUP and VXDN
- Protecting your downside risk with volatility derivatives
Biography:Professional trader Lawrence G. McMillan is perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 350,000 copies.
An active trader of his own account, he also manages option-oriented accounts for certain individuals, both as an RIA and a CTA via McMillan Asset Management.
In a research capacity, he edits and contributes to his firm’s publications: Daily Volume Alerts, The Option Strategist and The Daily Strategist – derivative products newsletters covering equity, index, and futures options.
In these capacities, he is the President of McMillan Analysis Corporation, which he founded in 1991.
Mr. McMillan is the recipient of the Sullivan Award for 2011, awarded by the Options Industry Council in recognition of his contributions to the Options Industry.
Prior to founding his own firm, Mr. McMillan was a proprietary trader at two major brokerage firms – primarily Thomson McKinnon Securities, where he ran the Equity Arbitrage Department for nine years.