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Research & Press

A selection of Lake Hill thought pieces which provides insight into our philosophy and process

RESEARCH

Investing In A Roulette Wheel
A simplistic analogy to help explain risk management and capturing an edge in investing
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Hedging Left-tail Risk With Right-tail Options
Find the portfolio protection you need without bleeding to death along the way
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What Is The Edge And Why Should It Work?
Looking at the difference between implied and realized volatility
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Importance Of Properly Sizing Investments
Make portfolio allocation decisions based on both expected and unexpected outcomes
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Calibrating Expectations Using Sharpe
Define your risk tolerance and manage your expectations accordingly
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Evolution Of Hedging And Derivatives
The history of hedging since the 1800's
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The Popularity And Pitfalls Of Weekly Options
Beware the risk of ruin from systematically selling options with negative edge
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Shock Scenarios And Understanding The Process
The importance of combining "What if?" analysis with "What then?" processes
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Analyses Versus Biases In Bonds And Options
Behavioral biases and preconceived notions can lead to suboptimal decisions
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How Long Does One Have To Wait For An Option To Pay Off?
A look at the roulette wheel to understand timing, capital management & the importance of discipline
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Options Replication And Delta Hedging
A fundamental lesson about options
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Insurance Companies Are Liquidity Providers
Striking similarities and subtle differences between insurance and options
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Innovations In Risk Transfer Over The Past 4000 Years
The history of options: Straight outta Mesopotamia
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Tail-Risk Hedging By Systematically Buying Puts
A simplistic approach that provides false comfort
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Cargo Cult Trading And Option Overlay Performance
Observing that something seems to work can blind you to how badly it can fail
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PRESS

Equity Derivatives

EQDerivatives Global EQD 2022

Joe Elmlinger, Head of Client Solutions, spoke on a panel at the EQDerivatives 2022 conference highlighting the opportunities and risks in the current market environment.

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Equity Derivatives

EQDerivatives Nordic Network 2021

Lake Hill is a featured speaker at EQDerivatives

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Volatility Investing 2019

Zem Sternberg speaks at London Volatility Investing Event

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The Popularity and Potential Pitfalls of Weekly Options

Global Capital featured our letter in a recent publication that was distributed to attendees of the CBOE Risk Management Conference.

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Calmest Markets in 12 Years as Fed Boosts Confidence: Options

Implied volatility across 29 asset classes has reached a 12-year low. What does it mean for markets in the face of shifting tides at the Fed?

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VIX & Vol of Vol Trends

Derivatives Intelligence

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Traders Magazine: Seeking Alpha

"New York hedge fund creates value trading index options."

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Absolute Return: Investable indices are distorting commodities and futures

"The pricing of commodity and futures markets is no longer in keeping with historical patterns.Volatility futures and commodity futures have similar themes."

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Derivatives Week: Learning Curves

"Investor are always on the hunt for convex payoffs, wanting optionality for little or no cost. How much should investors pay for positive convexity and how much should they receive for negative convexity."

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Watching the Tail (Risk) Wag

"A simple way to investigate the tail is to take the 115 or so years of US stock market data and build a histogram of 3-month returns rolling daily in 10-year windows. This video will show you this analysis in action."

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