Expert Details
Financial Markets and Options Trading
ID: 732448
Florida, USA
He traded as a market maker in exchange-traded and over-the-counter equity and foreign exchange options for one of the largest options trading groups in the world. He also traded over-the-counter foreign exchange and equity options for Chase Manhattan Bank and Bank of New York. He has traded as a New York Stock Exchange member, a Chicago Board of Options Exchange and a Pacific Stock Exchange member market maker in equity options. Expert also traded as an options broker dealer and market maker for 10 years. In addition, he was a financial analyst for Lehman Brothers, where he analyzed mergers and acquisitions and corporate finance transactions in the media and communications group.
Recently, Expert advised several long/short hedge fund on options strategies and an index options trader on option volatility strategies. He also advised a China-based multi-billion dollar hedge fund on electronic trading and a Melbourne, Australia-based mutual fund on foreign exchange trading.
He also served as an expert witness and provided advice for three different pieces of litigation related to a ponzi scheme. Expert also advised the law firm on matters related to options trading for litigation related to the ponzi scheme.
Expert's core skills include the following:
• Experience in managing Greek risk metrics for large options portfolios (delta, gamma, theta, vega, rho, etc.)
• Experience with trading portfolios containing equities, ETFs and options
• Experience in analyzing corporate finance transactions and finding derivatives trading opportunities associated with these transactions
• Experience in derivatives and ETF modeling using Excel and Visual Basic for Applications
• Excellent understanding of GAAP accounting and financial statement analysis
• Thorough knowledge of methods for quantifying and measuring portfolio volatility
• Thorough understanding of volatility surface analysis and portfolio strategy backtesting
He has served as an options consultant at his eponymous firm since 2011. In this capacity, he has advised several hedge funds and two registered investment advisers on options volatility trading strategies, ETF trading, risk management and trading models. He has also advised an index trader on trading historical and implied options volatility and backtesting options trading strategies.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1990 | Degree: Bachelor of Arts | Subject: Philosophy | Institution: Princeton University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2011 to Present | Employer: Undisclosed | Title: CEO | Department: Consulting |
Responsibilities:Expert has advised several hedge funds and registered investment advisers on options volatility trading strategies, ETF trading, risk management and trading models. He has also provided expert witness advisory services on options trading on over 20 cases. He advised two law firms on issues related to the Madoff litigation. He also served as an expert for the Securities and Exchange Commission and the Internal Revenue Service on issues related to options trading. |
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| Years | Employer | Title | Department |
| Years: 2008 to 2010 | Employer: Cutler Group | Title: Options Trader | Department: trading |
Responsibilities:Expert traded profitably as an options market maker on the NYSE and remotely as a CBOE market maker. He developed scripts and algorithms to trade volatility and manage risk of a portfolio with thousands of options. He also used SAS software to perform stress tests and optimize portfolios. |
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| Years | Employer | Title | Department |
| Years: 2003 to 2008 | Employer: Self-employed | Title: Options Trader | Department: consultant |
Responsibilities:He traded a portfolio of equities, debt and options involved in mergers and acquisitions. He also developed and implemented risk arbitrage models. |
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| Years | Employer | Title | Department |
| Years: 1998 to 2003 | Employer: Headwaters Capital | Title: Head of Options Trading Book | Department: trader |
Responsibilities:Expert traded and managed a profitable portfolio of stocks, options and ETFs as a broker-dealer. He built and managed relationships with the options trading desks of almost all major Wall Street firms and interacted with them daily to price options and provide liquidity for their customers. |
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| Years | Employer | Title | Department |
| Years: 1992 to 1998 | Employer: Susquehanna Investment Group | Title: Options Market Maker | Department: trader |
Responsibilities:He traded over-the-counter options on the global foreign exchange desks of Chase Manhattan Bank and Bank of New York in London and New York. He also traded options as a market maker on the floor of the Pacific Stock Exchange. Expert marketed private investment in public equity deals to public company CEOs and CFOs. |
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| Years | Employer | Title | Department |
| Years: 1990 to 1992 | Employer: Lehman Brothers | Title: Financial Analyst | Department: analyst |
Responsibilities:Expert served as an analyst of mergers and acquisitions and corporate finance deals as a member of the media and communications investment banking group. |
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Career Accomplishments
| Licenses / Certifications |
|---|
| Series 44 market maker registration on the NYSE Arca Options Exchange. |
Language Skills
| Language | Proficiency |
|---|---|
| Spanish | Proficient in reading and speaking |
| Hebrew | Proficient in reading |