Blog

Noel Smith

20 hours ago
1 min

Noel Smith featured on Market Watch

Noel Smith discusses JPM's collar trade and its implications with Joseph Adinolfi from Market Watch.

Noel Smith, Leo Capalleja & Sebastian Pachon

Sep 20
5 min

Dispersion Trading Part 3

In part three of this series, we provide a toolkit for anyone who is interested in trading dispersion.

Brian Lang

Jul 28
1 min

Options Volatility, Regimes & Edge | Noel Smith of Convex Asset Management

How to examine and trade correlation, skew, VIX & volatility ETN's (UVXY, VXX, XIV), dispersion, 0DTE options.

Noel Smith, Leo Capalleja & Sebastian Pachon

Jul 10
5 min

Dispersion Trading Part 2

Implied volatility expectations vs. reality and why they matter for option valuation and Dispersion trading.

Noel Smith, Leo Capalleja & Sebastian Pachon

May 23
2 min

Dispersion Trading Part 1

The Dispersion trade is directionless and usually profits from unexpected news about individual stocks.

Noel Smith

May 1
1 min

Podcast: Noel Smith on My Worst Investment Ever

Noel Smith discusses lessons learned along his 25-year trading career and details his losing Enron trade.

Noel Smith

Jan 30
1 min

Video: The Age of Turbulence - Noel Smith on Lead-Lag

Noel Smith discusses the performance of options strategies through the COVID pandemic and presents rationale for actionable ideas.

Noel Smith

Oct 10, 2022
1 min

Video: Noel Smith on My Life in Four Trades

Noel Smith joins Maggie Lake to share the lessons he has learned over his 25 years of trading volatility, making markets and managing risk.

Noel Smith

Aug 10, 2022
1 min

Video: Noel Smith's Market Update on Gravity Exists

Noel Smith walks us through the current environment for volatility strategies and its future implications.

Noel Smith

Aug 1, 2022
1 min

Video: Why the Market isn't Crashing

Noel Smith's June prediction that the market would not crash played out well. Does Noel think volatility will return? Watch to find out!

Noel Smith

Jul 28, 2022
1 min

Podcast: Real Vision's Maggie Lake interviews Noel Smith

Noel Smith has learned many hard lessons during his 25 years trading volatility, making markets, and managing risk. Now a managing...

Noel Smith

Jul 28, 2022
1 min

Noel Smith: How to Become a Pro Trader

An Interview with Mutiny Funds Noel Smith and Darrin Johnson talk about how to become a professional trader, how to land a job at a...

Noel Smith & Leo Capalleja

Jul 18, 2022
3 min

Is Volatility Performing in 2022?

We illustrate how and why hedges are massively underperforming in 2022.

Noel Smith

Jun 23, 2022
1 min

Video: Why the market won't crash before the July 4th fireworks

Why the market won't crash before the July 4th fireworks. Timely and actionable options market observations.

Noel Smith

May 20, 2022
1 min

Video: Noel Smith featured on The Derivative Part 2/2

In part two of this two-part episode of The Derivative, Noel Smith discusses Convex's main options strategies in detail.

Noel Smith

Mar 17, 2022
1 min

Video: CIO Noel Smith on Real Vision with Jason Buck

On Real Vision's Real Visionaries, Noel Smith unpacks the four strategies that he and his team consistently employ today.

Noel Smith & Leo Capalleja

Feb 9, 2022
3 min

Risk Parity and Why You Should Care

Used by the largest hedge funds, this strategy could be a victim of its own success due to its popularity and systemic risk to correlation.

Noel Smith

Jan 21, 2022
1 min

3-Min Video: Breaking Down Convex's Strategies

In this three minute video, Noel Smith breaks down Convex AM's main strategies.

Correlation, A Hidden Risk To Your 60/40 Portfolio

Noel Smith & Leo Capalleja

Dec 23, 2021
3 min

Correlation, A Hidden Risk To Your 60/40 Portfolio

The 60/40 portfolio has worked well for a long time. But what if stocks and bonds move down at the same time?

Noel Smith

Nov 4, 2021
1 min

Podcast: Noel Smith featured on Top Traders Unplugged

Discussion includes the benefits of ensemble investing, the predictability of market volatility, allocating between different strategies dur