Cover art for podcast The Derivative

The Derivative

111 EpisodesProduced by RCM AlternativesWebsite

Welcome to The Derivative by RCM Alternatives, where we dive into what makes alternative investments go, analyze the strategies of unique hedge fund managers, and chat with interesting guests from across the investment world. Hosted by RCM Managing Partner, Jeff Malec, join us to take a ride through… read more

1:22:22

2021's Vol moves, 2022's outlook, Meme stocks, Option Flows and KAI with Cem Karsan

We're kickstarting the 2022 season of The Derivative with fan-favorite - Cem Karsan. In this episode, the FinTwit star better known as @jamcroissant and his calls on Gary and Gamma and Vol and Vanna, digs into the interesting 2021 Vol moves, what 2022 may look like in the vol space (not good…or good, depending on your positioning), how he actually trades flow and options in his KAI hedge fund, as well as a journey through all the things that make you go 'hmm.'

Tune in as Cem also highlights the three trading strategies that make up his firm’s offerings,  a slightly different take on omicron, how he views the market’s movements as waves driven by flows, and more. Plus, as a bonus, you'll find out how Cem got stuck in a Bolivian salt flat!?

Topics discussed in this episode include:

  • How COVID accelerated a lot of trends in our lives, including the acceleration of VOL and VOL products
  • Option volumes dwarfing the actual volume of the things that they are on top of and tracking
  • What it means to have two-sided skew
  • How to play Meme stocks, and more!

Chapters:

00:00-01:32 = Intro

01:33-13:24 = Things that make you go Hmmm..

13:24-26:00 = 2021 Vol Movements

26:01-43:15 = Proxy Hedges, Vol compression, Finding the pain points & Illiquid Markets

43:15-01:03:36 = KAI: Riding the Volatility Flow

01:03:37-01:16:05 = What’s in store for Vol in 2022?

01:16:06-1:22:22 = Two Truths & a Lie

Additional resources discussed in this podcast:

Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.

And visit our sponsor, the CME Group at www.cmegroup.com to learn more about futures and options.

Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

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