What we're about

Trading and Investing with a Systematic, Analytical, or Quantitative orientation for those in Raleigh, Durham, the Triangle, and also anywhere via remote participation.

Our primary activity is the monthly meeting. We are totally non-commercial, being closer to a collaborative research and education association than to anything commercial. We have never charged anyone a single cent. We have presenters or panelists on a specialized topic almost every month, both from our membership and nationally known educators, traders and investors. We are one of the most active such groups in the United States, drawing remote members also from abroad. All talks are educational only. We never invite speakers to present commercial products, except occasionally in cases of widely used trading platforms and the like.

We have a two hour meeting (about) every month, to allow time for either two topics or for an in-depth extended panel and group discussion following a talk. We do not waste everyone's time on administrative minutiae as do so many groups. We get right to the topic at hand. Most of our meetings are recorded and many are relayed live over the web.

We do not fall for the fallacy that there need be a clear distinction between "retail" and "professional" traders. We go into topics in depth for the benefit of all. We look to cater to all levels of experience, erring where necessary on the side of depth rather than the customary superficiality, but still providing at least an introduction for new traders and investors before going deeper.

Options, Stocks, Futures, Back-testing, Quantitative Analysis, Financial Software Development, Money Management and most especially prudent Risk Management are recurring subject areas. A key objective is avoiding scams, frauds, excessively risky strategies, and black box undisclosed systems.

Anyone in North Carolina is welcome to join, as are members of Aeromir or Capital Discussions living anywhere. There is no charge. Additionally, anyone anywhere is welcome to join if they indicate why they are joining and an area of interest, so that we can get an indication that they are not joining to promote any product or service. We will instantly remove and ban anyone who spams the group with promotional material.

Besides our monthly meetings, we also have active discussion forums and you are welcome to start threads in them.

Upcoming events (1)

Jason Buck: Portfolios Revisited, Black Swan Hedging via Volatility Strategies

Jason Buck is an entrepreneur and trader specializing in volatility, options hedging, and portfolio construction. He is co-founder of the Mutiny Tail Risk Fund, whose Investment Strategy has been designed as a so-called ‘black swan’ investment. It uses sub-managers to lever many volatility approaches. It aims to provide a form of ‘antifragility’ or ‘crisis alpha’ that is intended to achieve large asymmetric gains in times of high volatility or tail risk such as the 1987 flash crash,[masked] dot com rise and crash, or 2008 financial crisis. Previously, he spent over a decade consulting on portfolio construction and building bespoke long volatility strategies for family offices and high net worth individuals. Jason will talk to and with us remotely, from where he lives in California. Mutiny has an outstanding series of purely educational podcasts listed at https://mutinyfund.com/podcasts/ that I highly recommend. They are not at all promotional of the Fund, but, rather, are interviews with many volatility trading managers, and go into the actual specifics of volatility trades used by the various managers in depth. I got many trade ideas listening to these podcasts. One of the most fascinating Mutiny podcasts is on Chris Cole's "Dragon Portfolio," which advocates, on the basis of 100 years of back-testing, that traditional (risk-parity or 60-40) based portfolios are catastrophically inadequate. Chris Cole's back-testing over an 80 or 100 year period shows that currently favored financial planning methods would have result in total loss of value! Dragon Portfolio is part of Mutiny's offering, and Jason is intimately familiar with it and and in frequent touch with originator Chris Cole. Jason will talk about such Dragon style portfolios, and more generally how to think about constructing holistic portfolios for all economic environments. He has been building them for over a decade Jason's fund itself is available to accredited investors investing $100,000 or more and is aimed at making top-tier strategies available to retail investors. Traders (as opposed to long term investors), including me, still need to take into account very similar questions in deciding what strategies and assets to trade, and what hedging to do. My own personal interest is in understanding trading strategies that I can trade personally that may be informed by the approaches that we will hear talked about. These are the very same volatility-centric strategies used by managers of funds in this space, so we can learn a lot. To get long volatility, I can use maybe back ratio spreads, maybe long straddles, maybe volatility curve arbitrage, maybe Volatility ETP trading. I have heard Jason go into a great deal of detail as to how trade these strategies, and I believe that he will be able to share many of those with us, at least at a high level. Moreover, he keeps enormously detailed statistics of comparative performance of different strategies, which are also fascinating and instructive. We look forward to lots of two way interaction! This talk is not at all a promotion of any fund, or an information session for potential investors. Because of regulations, we cannot get much if at all into discussion of past returns. That information can be obtained readily in extensive detail from the funds directly if you want it. Assuming Jason may have to go after an hour or a bit more, we will continue with our own discussion of related subjects: Are you using Portfolio balancing strategies? Are you hedging? For pure traders, are you including trading volatility-bases strategies that would profit on a crash? Do such strategies necessarily bleed cash in quiet times? The Zoom meeting link will be visible to the right once you RSVP (thanks to Aeromir). Optional but fascinating background: "The Hawk and the Serpent" https://www.meetup.com/rdutraders/messages/boards/thread/53022664

Past events (126)

Mark Mosley: Experience Trading Calendar Spreads

Online event

Photos (19)