11:00 - 12:30

Conference Registration

12:30 - 1:45

Fundamentals of Options Part One: Options Strategy and Pricing

 - Profit/loss diagrams of investor strategies
 - Options strategies to fit asset allocation goals
 - Introduction to option price behavior
    Jim Bittman, Senior Staff Instructor, CBOE Options Institute

Presentation - Fundamental Session 1

1:45 – 2:00

 Session break

2:00 – 3:15

Fundamentals of Options Part Two: The Role of Market Makers 

 - Misconceptions and conceptions about market makers
 - Delta-neutral and volatility trading from a market maker perspective
 - Position risks: Delta, Gamma, Vega and Theta and relevance to investors
    Joseph E. Bonin, Managing Partner, Navigate Advisors LLC

Presentation - Fundamental Session 2

3:15 – 3:30

Coffee break

3:30 – 4:45

 
 - Introduction to the VIX index and VIX futures and options
 - Options-related strategy indexes including BXM, CBOE’s BuyWrite index and VPN, CBOE’s Capped VIX Premium index
 - Practical implementation issues
    Andrew Baehr, Managing Director in Global Equities and Commodity Derivatives, BNP Paribas
    Jack Hansen, CIO, The Clifton Group
    Paul Stephens, Director, Chicago Board Options Exchange

Presentation - Fundamental Session 3, Part A
Presentation - Fundamental Session 3, Part B

Click here for an interview with Jack Hansen on CBOE TV

4:30 – 5:30

Conference Registration

6:30-8:30 

7:45 – 8:30

Buffet Breakfast  & Conference Registration

8:30 – 9:00

Welcome Remarks by
William J. Brodsky, CBOE Chairman and CEO

9:00 – 10:00

Keynote Speaker: 
Dr. Pippa Malmgren, President, Canonbury Group

"Politics, Policy and the Financial Markets: Trading Opportunities in the New (Reformed) Regulatory Environment"

Click here for an interview with Dr. Malmgren on CBOE-TV 

10:00 - 10:15

Coffee break

10:15 - 11:15

Keynote Speaker:
Dr. Benn Steil, Senior Fellow and Director of International Economics,
 Council on Foreign Relations

"The Dollar Dilemma"

Benn Steil Presentation

Click here for an interview with Dr. Steil on CBOE-TV 

11:15 – 11:30

Coffee break

11:30 - 12:30

Equity Volatility and the Business Cycle

 - Economic and multi-asset models for forecasting equity-related volatility
 - Observations from past business cycles
 - Implications for VIX and volatility trading

Krag “Buzz” Gregory, Equity Derivatives Strategist, Goldman Sachs
 

12:30 – 1:45

Lunch and networking

1:45 – 3:00

 - Pros and cons of various volatility trading methods  
 - Current assessments of the volatility risk premium
 - Tools for analyzing volatility and correlation
 - Trends in product usage, strategies and potential results    

  Rick Jen, Senior Portfolio Manager, Wolverine Asset Management

  Puneet Kohli, Portfolio Manager, National Bank of Canada   

 Mike Merucci, Portfolio Manager and Trader, Pengana Capital

3:00 – 3:15

Coffee break

Coffee break

3:15 – 4:30

 - Results from a 2010 Options study
 - Insights on who uses what products and strategies and why they do so  
 - Best practices in analytics and execution techniques

  Jay Easterling, Managing Director, Gargoyle Asset Management LLC

  Gary McAnly, Director of Trading, Oppenheimer Capital  

  David W. Mortimer, Managing Director, Equity Options, Pipeline  

  Andy Nybo, Principal, Head of Derivatives, TABB Group

Easterling, McAnly, Mortimer & Nybo Presentation

Click here for an interview with Andy Nybo on CBOE TV

7:15 - 8:00

Buffet Breakfast

8:00 - 9:00

Keynote Speaker: 
Dr. David M. Blitzer, Managing Director and Director of the Index Committee, Standard & Poor's

Bubble Risk Management: Strategies for Identifying and Responding to Financial Bubbles

David Blitzer Presentation

Click here for an interview on "Bubble Risk" with David Blitzer on CBOE TV

9:00 - 9:15

Coffee Break

Coffee break

9:15 - 10:30

Insurance Industry Usage of Equity Derivatives

 - Fundamentals of insurance structures and equity derivative product needs  
 - Special regulatory, operational and other concerns that impact valuations of long-term interest rates and equity volatilities   
 - Policy behavior, liquidity and counterparty concerns

Simon Babbs, Head of Quantitative Risk Management, The Options Clearing Corporation

Simon Babbs Presentation

Ken Mungan, Financial Risk Management Practice Leader, Milliman   

Ken Mungan Presentation

Click here for an interview with Ken Mungan on CBOE TV

Dividend Swaps, Options & Futures

 - Dividends as an asset class 
 - Key characteristics of dividend indexes and fair value pricing
 - Development of the listed dividend futures and options market
 - Practical applications of dividend-based strategies on single stocks and indices
        
Charles de Boissezon, Equity Derivatives Engineering & Advisory, Société Générale

Charles de Boissezon Presentation

Sarah Dahan, Portfolio Manager,   Blue Mountain Capital

Sarah Dahan Presentation

Click here for interviews on CBOE TV with David Blitzer, Chairman of the Index Committee, S&P Indices; Sarah Dahan and Charles de Boissezon

10:15 -10:30

Session Break

Session break

11:00 - 12:15

Bringing Exotic Models Home
 

 - Replicating exotic option structures with listed options 
 - Exotic options embedded in insurance products   
 - Outsourcing vs. DIY   
 - Pre- and post-trade attribution analysis   
                    
    Brayton Li, Senior Managing Director, Derivatives, Principal Life Insurance Company 

Brayton Li Presentation   

    Izzy Nelken, President, Super Computer Consulting

Izzy Nelken Presentation

Convertible Bond Arbitrage and Listed Options

 - Trends in the convertible bond marketplace   
 - Trading techniques for locking in profits and managing risk  
 - Perspectives on volatility trading
   
    J.D. Cronin, Derivatives Analyst, Concept Capital

    Jonathan Havice, COO, Interlachen Capital Group, LLC

Cronin & Havice Presentation

12:15

End of Conference Sessions

1:00

Golf Tournament at Tiburon