Excell with Options, biweekly analysis from Rich Excell

Get actionable insights on how to trade the latest opportunities using options on futures, provided by a veteran institutional trader who successfully managed multi-billion-dollar portfolios.

In this issue

Author Rich Excell analyzes the futures market and proposes a bearish put spread strategy using November 1 and November 8 options on 10-Year Treasury futures. Several significant factors come into play around these dates: nonfarm payroll data, the November FOMC meeting and the U.S. general election. In devising his strategy, Excell aims to assess the volatility priced in around the election and create a plan for both a technical break in futures and a short-covering rally resulting from a more dovish FOMC.

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About Rich Excell

Rich Excell is an Instructor of Finance at the University of Illinois Gies College of Business and has over 30 years in the global financial industry serving in senior leadership roles. He recently retired as a Senior Portfolio Manager at Wolverine Asset Management in Chicago, where he ran a global equity long/short hedge fund portfolio. Before joining WAM, he was CIO/Partner at Satori Investment Partners and a Managing Director at UBS O’Connor.

Rich has a B.S. in Finance from the University of Illinois and an M.B.A. from the University of Chicago.  He’s been a CFA charter holder since 1999 and CMT charter holder since 2018. He is the host of the Investment Exchange Forum podcast which has been downloaded in over 80 countries.

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