Russell Rhoads is one of America's leading experts on VIX, the Volatility Index.
In The VIX Trader's Handbook he takes a deep dive into all things associated with volatility indexes and related trading vehicles.
The handbook begins with an explanation of what VIX is, how it is calculated, and why it behaves the way it does in various market environments. It also explains the various methods of getting exposure to volatility through listed markets.
The focus then moves on to demonstrate how traders take advantage of various scenarios using futures, options, or ETPs linked to the performance of VIX.
Finally, a comprehensive review is presented of volatility events that shook the markets, including the 1987 crash, Great Financial Crisis, 2010 flash crash, and the 2020 pandemic. By understanding how VIX behaved leading up to these market shocks, and reacted afterwards, traders can better equip themselves ahead of future events.
A wide variety of strategies that are implemented in both bearish and bullish equity markets are introduced and covered extensively throughout.
The VIX Trader's Handbook is essential reading for all those who are intending to trade volatility-from those who wish to gain an understanding of how VIX and the related trading products behave, to those intending to hedge equity exposure or take advantage of the persistent overpricing of option volatility.
You won't want to trade volatility without it.
Russell Rhoads is one of America's leading experts on VIX, the Volatility Index.
In The VIX Trader's Handbook he takes a deep dive into all things associated with volatility indexes and related trading vehicles.
The handbook begins with an explanation of what VIX is, how it is calculated, and why it behaves the way it does in various market environments. It also explains the various methods of getting exposure to volatility through listed markets.
The focus then moves on to demonstrate how traders take advantage of various scenarios using futures, options, or ETPs linked to the performance of VIX.
Finally, a comprehensive review is presented of volatility events that shook the markets, including the 1987 crash, Great Financial Crisis, 2010 flash crash, and the 2020 pandemic. By understanding how VIX behaved leading up to these market shocks, and reacted afterwards, traders can better equip themselves ahead of future events.
A wide variety of strategies that are implemented in both bearish and bullish equity markets are introduced and covered extensively throughout.
The VIX Trader's Handbook is essential reading for all those who are intending to trade volatility-from those who wish to gain an understanding of how VIX and the related trading products behave, to those intending to hedge equity exposure or take advantage of the persistent overpricing of option volatility.
You won't want to trade volatility without it.
Russell Rhoads is a highly regarded strategist, educator and
consultant – among other things he is perhaps best known as the
author of Trading VIX Derivatives, the textbook in the space.
Russell spent a decade at CBOE, including a stint as director of
education at The Cboe Options Institute. He has a 25-year career,
which includes buyside firms such as Balyasny Asset Management,
Caldwell & Orkin, and Millennium Management.
In addition to his duties at EQDerivatives, Russell is a clinical
professor of finance at Loyola University in Chicago. Russell is
currently pursuing a PhD from Oklahoma State University and expects
to complete his degree requirements this year.
A well-thought out and organized book on the VIX complex that
offers qualitative and quantitative insights for beginners and
professionals alike. This latest work as well as his key
accomplishments within trading, management, and education
throughout the years reinforce Russell as an instrumental asset to
the options Industry.
*Jon V. Cherry, Global Head of Options, Northern Trust*
There's no one else in the volatility space quite like Russell
Rhoads. He has an uncanny ability to translate complex topics and
an unerring memory for statistical detail. There's a reason that we
call him The Once and Future Dr. VIX on our network.
*Mark S. Longo, Founder, The Options Radio Network, and Host of the
Volatility Views radio program*
I had the pleasure of working with Russell Rhoads in Cboe’s Options
Institute for years. I’ve learned so much about the world of
volatility from him and this book is a perfect encapsulation of
that knowledge. It’s written in a manner that combines
accessibility and breadth. This is imperative for investors
interested in the power of volatility and the tradeable tools to
manage that omnipresent risk.
*Kevin Davitt, Senior Instructor, Cboe Options Institute*
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