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Implied Volatility Discounts Uncertainty

January 26, 2021


Chicago attorney, Brendan Cournane, leads off discussing the impending Impeachment litigation against former President Trump. Joel Elconin of Benzinga talks volatile markets. Russell Rhoads calls in for hour two talking ‘dot bomb-esque’ markets and much more.

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Guests & Co-Hosts

BRENDAN COURNANE

Brendan Cournane co-hosts the Stocks & Jocks show every Monday morning. He is also a public finance attorney licensed in both Illinois and Arizona. He has practiced law for more than 35 years acting primarily as counsel to issuers of municipal debt (bond counsel, underwriters’ counsel, bank counsel and special counsel). He has served in both the private and the public sectors, having been a partner in major U.S. law firms and as in-house counsel to such entities as the City of Chicago and Chicago Public Schools, as well as General Counsel to the Illinois Finance Authority, one of the nation’s largest issuers of conduit municipal bonds. Read more.

JOEL ELCONIN

Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.

RUSSELL RHOADS

Russell Rhoads is a PHD and currently a Professor at Loyola University Chicago. Order his latest book ‘The VIX Trader’s Handbook: The history, patterns, and strategies every volatility trader needs to know‘. Previously, Mr. Rhoads served as the Head of Derivatives Research at TABB Group. Before joining TABB Group, Russell was Director of Product Advancement, Global Derivatives at CBOE Global Markets. His career has included positions at a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, Balyasny Asset Management, and Millennium Management. He is a financial author and editor having contributed to multiple magazines and edited several books for Wiley publishing. He is the author of six market related books including Trading VIX Derivatives, Option Spread Trading, Trading Weekly Options, and Options Strategies for Advisors and Institutions. He authored material to be included in Level II of the CFA program and material for the CMT designation. 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 Tech in 2003. Russell received a PhD from Oklahoma State University in 2019.