Volatility Selling Is Back as Ex-Harvest Traders Join Fray
- New fund Carrick Lane will focus on put-selling for income
- Move follows launch of volatility firm by another Harvest alum
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An options-powered strategy betting on calmer markets is roaring back as the Cboe Volatility Index, known as Wall Street’s fear gauge, recovers from pandemic-spurred gyrations.
Two former executives of $3.5 billion Harvest Volatility Management are starting investment firm Carrick Lane, which will initially focus on selling equity derivatives for income, according to a press statement.