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LJM: Opening up world of options

机译:LJM:开放选择世界

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The biggest change Anthony Caine has seen since he first launched LJM Partners in 1998 is that volatility is being recognized as an asset class. Like several traders recently profiled, LJM has evolved from a pure premium collecting CTA writing options on the S&P 500 to robust volatility traders capable of earning returns in rising volatility markets as well as from premium collection. "I did some things extremely well, I also had some weaknesses," Caine says of his original approach to option trading. Today Caine no longer pulls the trigger on his stable of options strategies. "I somewhat backed off from trading," Caine says. "My role is in [directing] our macro discretionary overlay - the strategy is systematic and I am addressing how much risk to take."
机译:自Anthony Caine自1998年首次创立LJM Partners以来,最大的变化就是波动被视为一种资产类别。就像最近介绍过的几位交易员一样,LJM已从标准普尔500指数上的纯溢价收集CTA书写选项发展为能够在上升的波动性市场以及从溢价收集中获得回报的稳健的波动性交易者。凯恩谈到他最初的期权交易方法时说:“我做得非常好,也有一些缺点。”如今,凯恩(Caine)不再是他稳定的期权策略的触发因素。凯恩说:“我有些退缩了。” “我的角色是在(指导)我们的宏观自由裁量权重叠-该策略是系统性的,我正在解决承担多少风险。”

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    《Futures》 |2013年第2期|42-42|共1页
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