If You’ve Got $5 Million to Invest, Here’s Your Volatility Play
Rick Selvala started Harvest Volatility Management to generate yield by trading S&P 500 options. His ‘iron condors’ can add returns and hedge risks.
Tribeca's Fenton Sees Warning Signs for a Market Pullback
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Rick Selvala stands up from a conference room table in the Graybar Building above Grand Central Terminal and starts drawing up his play on the glass walls of the office: Sell S&P 500 index call and put spreads. Generate cash flow in a tax-efficient manner. Limit downside and liquidity risk.
It looks simple. Decades of practice have that effect.