So You Want To Be A Prop-Trader? Bonds, Options, and Dispersion

Published on
July 22nd, 2021
Duration
63 minutes


So You Want To Be A Prop-Trader? Bonds, Options, and Dispersion

The Interview ·
Featuring Noel Smith & Jack Farley

Published on: July 22nd, 2021 • Duration: 63 minutes

Noel Smith, CIO at Convex Asset Management, returns to Real Vision to dive into his core options trading strategies implemented at Convex Asset Management as well as his journey from prop trading to hedge funds. Smith argues that prop trading allowed him to tolerate greater risk in comparison to the steady returns required by outside funds in hedge funds. Smith walks through his 4 core strategies: VIX trading, Treasury volatility, volatility arbitrage, and dispersion trades. Smith disagrees with the consensus that trading is a zero-sum game and instead believes that following personal conviction will lead to success over time. Interviewed by Jack Farley on July 20, 2021.