Russell Rhoads, CFA

Senior Instructor
The Options Institute
Biography
Russell Rhoads, CFA, is a Senior Instructor with 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, TradeLink Securities and Millenium 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 authored Option Spread Trading: A Comprehensive Guide to Strategies and Tactics which was released in January 2011 and recently finished work on Trading VIX Derivatives: Trading and Hedging Strategies Using VIX Futures, Options, and Exchange Traded Notes which was published in August 2011. 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. He is a double graduate of the University of Memphis with a BBA ('92) and an MS ('94) in Finance and also received a Master's Certificate in Financial Engineering from the Illinois Institute of Technology in 2003.

Author Archives: Russell Rhoads, CFA

Last Week in VIX – 12/14/2014

Nothing like a 3% drop to provide a year-end boost to VIX, especially when it appeared no one was expecting it. Last Friday we got through the employment report unscathed and the result was a VIX close under 12. The last potential big “known unknown” this year comes Wednesday afternoon with the FOMC announcement. As […]

Last Week in Oil and Gold Volatility – 12/14/2014

I recall when I totally ignored Oil in this space for gold, my how things have changed.   USO dropped over 12% last week which places the fund down about 38% in 2014. The result for OVX, as seen on the right side below, was a jump of 45% and a move near all-time highs. The […]

Last Week in Volatility Indexes and ETPs – 12/14/2014

The VXST – VIX – VXV – VXMT curve shift was the most dramatic change I have seen since writing these blogs. Of course VXST is just a little over a year old so there’s not too much history for comparison. I am more intrigued by the right side of the curve with VXV and […]

Last Week in VIX – 12/7/2014

VIX drifted to close under 12.00 for the first time since late August as the S&P 500 made more new highs. The leftover fear from the market’s dive in October seems to be gone just like all our Thanksgiving leftovers. At least one derivative strategist thinks lower VIX levels are on the near term horizon. Buzz Gregory […]

Last Week in Volatility Indexes and ETPs – 12/7/2014

With the S&P 500 racking up more record high closes last week volatility indexes dropped to levels expected when there is a strong bull market run combined with a lack of concern regarding a pull back for stock prices. We also got past the employment number, which did have a few traders on edge, without […]

Big VIX Put Buyer from Yesterday

Yesterday I participated in a webcast with Mark Sebastian from Option Pit shortly after the market closed.   The first thing he said to me was, “did you see that big VIX put trade today?” Since then there has been more discussion of VIX put volume and the buyer of VIX Dec 12.50 Puts that came […]

Last Week in VIX – 11/24 – 11/28

The S&P 500 has now closed at record highs on 47 of the 230 trading days in 2014. Two of those records were set last week before the market dropped during the short post-Thanksgiving shorted session. The lone green bar below coincides with a 5 point drop in the S&P 500 on Friday. VIX ended […]

Last Week in Gold and Oil Volatility – 11/24 – 11/28

Friday’s drop for the United States Oil ETF (USO – 25.58) was the seventh largest in history. The history is a bit limited, just going back to April 2006 when the fund was introduced. OVX was bracing for a move closing Wednesday in the mid-30’s so when the markets opened on Friday OVX didn’t move […]

Last Week in Short-Term Volatility – 11/24 – 11/28

The CBOE Short-Term Volatility Index finished the week with a surge on Friday’s short session. The S&P 500 was down about 5 points which one would not expect to be cause for Friday’s 16% gain in VXST. It appears that the oil and gold prices may have influenced VXST a bit as both those markets […]

Last Week’s OPEC Meeting and Oil Volatility

On Thursday morning I was taking a break from putting lights on the tree. A break for me does not involve checking the Lions – Bears score. My break involves checking in on the markets.   I was aware that OPEC was meeting today and that a big oil price move was possible based on the […]

  • CATEGORIES

  • Recent Comments

  • Tags