Russell Rhoads

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

Last Week in Emerging Market Volatility – 4/20/2014

After two years of doing this I can finally use the word ‘boring’ to discuss what went on in the emerging markets sector last week.  Despite the US markets surging higher, Brazil was just up by 0.23% based on the performance of the iShares MSCI Brazil Capped ETF (EWZ – 47.50).  Also, the iShares MSCI […]

Last Week in Gold and Oil Volatility – 4/20/2014

When I’m putting together these weekend reviews I often have a good idea of what I’m going to say about the different markets that have listed volatility trading.  However, with respect to gold and oil it has been pretty tough lately.  The first anniversary of the gold crash passed as we all got our taxes […]

Last Week in NASDAQ-100 and Russell 2000 Volatility – 4/20/2014

The S&P 500 was the leader of the pack last week rising 2.71% while the NASDAQ-100 gained 2.54% and the Russell 2000 was 2.38% higher.  Admittedly there is not a huge difference between first and last place on this list.  I continue to keep an eye on the spreads between VXN and VIX and RVX […]

Last Week in VXST – 4/20/2014

CBOE has historical data for the CBOE Short-Term Volatility Index going back to the first day of 2011.  This weekend marks the 21st three-day weekend since January 1, 2011.  Those of us that spend lots of time focusing on volatility indexes are very aware that there is a weekend effect that puts downward pressure on […]

Last Week in Volatility Indexes and ETPs – 4/20/2014

It took five days for the S&P 500 to drop from 1865 to 1815 – this past week the S&P 500 rose from 1815 to 1864 in just four days.   This time last week those of us that comment on the market action each weekend were posting articles and blogs citing the S&P 500 experiencing […]

A Little More of VIX in 2014

Yesterday I posted a blog about VIX price action in 2014 and compared it to different levels from 2004 – 2013.  Justin Pulitzer (@justinpulitzer) noted via a tweet that 2008 – 2009 probably skewed the highs on the chart that I produced and discussed last night.  Based on that tweet I was prompted to take a look at […]

Comparing 2014 VIX and VIX from 2004 – 2013

With all the talk about VIX not acting right (I don’t use the word broken) you would think that someone had written a book criticizing the fear index.  My feeling has been that VIX is doing what it is supposed to do and that is measure the implied volatility of index options that are listed […]

Last Week in VIX – 4/13/2014

VIX did what VIX does when the stock market sells off, it moved up.  Specifically VIX rose 22% last week settling just over 17 as the S&P 500 showed some real signs of weakness on Thursday and Friday last week.  April VIX futures and options trade for two more days and then expire this coming […]

Last Week in Gold and Oil Volatility – 4/13/2014

While the equity markets continue to receive a lot of attention due to the recent downside moves the commodity space has been unusually quiet.  The SPDR Gold Shares ETF (GLD – 126.93) rose 1% last week and seems destined to be stuck in the upper 120’s.  Oil did a little better with the United States […]

Last Week in VIX Options and ETPs – 4/13/2014

What a difference a week makes especially in the volatility world.  Based on an equity market drop, which came mostly at the end of the week, of 2.65% last week VXST was up over 33% and VIX climbed a hair under 22%.  The shift in the curve is pretty dramatic, going from what we are […]

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