Dean Curnutt's guest appearances

Dean Curnutt

The Monthly Dirtcast

Alpha Exchange

The Market Huddle

The Macro Trading Floor

Julian Brigden

Jesse Felder

Steen Jakobsen

Mike Green

Turney Duff

Darius Dale

Tony Saliba

Frances Donald

Seth Daniels

Steve Saretsky

Mike Hudson

Gregg Smith

Salem Abraham

Tony Greer

Lenore Elle Hawkins

OwlTail

Welcome to a special edition of the Alpha Exchange, one in which your host and guest are one and the same. Above all, our conversations on this podcast are aimed at helping you think about risk. After all, it was the Spanish philosopher George Santayana who famously said, “those who forget history are doomed to repeat it.”This podcast has three parts. First, an update on a project I’ve been working on, MacroMinds. I created this foundation back in 2019 to raise funding for causes in the NY area focused on student education. Our “business model” is simple – host a once a year, highly differentiated symposium featuring industry leaders who share their insights on the remarkably complex world of investing. On June 7th in NYC, we are doing just that, and I could not be more excited about our incredible agenda.Second, I review a couple of prices in the world of optionality and what they mean in the context of today’s risk dynamics. Specifically, I discuss the fast widening level of CDS written on the US as the reference asset. In the context of the unfolding debt ceiling drama, this instrument is worth keeping an eye on. Next, I review the change in the volatility surface on gold, specifically the emerging bid to upside calls.Lastly, I review some work I did a number of years ago, which I call, simply, “Ten Handy Facts on Vol”. These are characteristics of the behavior of volatility in asset prices and the options that are written on them. I hope you find some value in this exercise and I thank you for listening.

Welcome to a special edition of the Alpha Exchange, one in which your host and guest are one and the same. Above all, our conversations on this podcast are aimed at helping you think about risk. After all, it was the Spanish philosopher George Santayana who famously said, “those who forget history are doomed to repeat it.” This podcast has three parts. First, an update on a project I’ve been working on, MacroMinds. I created this foundation back in 2019 to raise funding for causes in the NY area focused on student education. Our “business model” is simple – host a once a year, highly differentiated symposium featuring industry leaders who share their insights on the remarkably complex world of investing. On June 7th in NYC, we are doing just that, and I could not be more excited about our incredible agenda. Second, I review a couple of prices in the world of optionality and what they mean in the context of today’s risk dynamics. Specifically, I discuss the fast widening level of CDS written on the US as the reference asset. In the context of the unfolding debt ceiling drama, this instrument is worth keeping an eye on. Next, I review the change in the volatility surface on gold, specifically the emerging bid to upside calls. Lastly, I review some work I did a number of years ago, which I call, simply, “Ten Handy Facts on Vol”. These are characteristics of the behavior of volatility in asset prices and the options that are written on them. I hope you find some value in this exercise and I thank you for listening.

Dean Curnutt:  Ten Handy Facts on Vol

This week we welcome to the show, Dean Curnutt. Dean is the founder of Macro Risk Advisors and the host of the wonderful podcast, the Alpha Exchange. We talk about his career on Wall Street, the risks facing the market today, and Dean shares with us an unexpected out-of-the-box Byron Wien surprise.⭐️Visit our merch store!!! 👉https://www.markethuddlemerch.com/ ⭐️*Got questions for Kevin and Patrick? Submit your questions to: 📩nostupidquestions@markethuddle.com To receive our emails with the charts and links each week, please register at: https://markethuddle.com/

This week we welcome to the show, Dean Curnutt. Dean is the founder of Macro Risk Advisors and the host of the wonderful podcast, the Alpha Exchange. We talk about his career on Wall Street, the risks facing the market today, and Dean shares with us an unexpected out-of-the-box Byron Wien surprise. ⭐️Visit our merch store!!! 👉<a href="https://www.markethuddlemerch.com/" rel="nofollow" target="_blank">https://www.markethuddlemerch.com/</a> ⭐️ *Got questions for Kevin and Patrick? Submit your questions to: 📩<a href="mailto:nostupidquestions@markethuddle.com">nostupidquestions@markethuddle.com </a> To receive our emails with the charts and links each week, please register at: <a href="https://markethuddle.com/" rel="nofollow" target="_blank">https://markethuddle.com/</a>

Disrespecting the Tail (guest: Dean Curnutt)

Dean is looking at shorting the Nasdaq 100 ETF ($QQQ) by using a "butterfly" spread. He wants to fade a Fed pivot (he wants to bet against the consensus that the Fed will reverse course and loosen policy) by shorting duration-sensitive equities such as those in the Nasdaq. -- DASDigital Asset Summit is crypto's most institutional conference. DAS is the only conference that truly combines the worlds of macro finance and crypto, with speakers like Danielle DiMartino Booth, Mike Green, Jurrien Timmer, Brent Johnson. Visit digitalassetsummit.io and sign up for 20% off with code "MACRO."-- Follow Dean: https://twitter.com/Alpha_Ex_LLCFollow Andreas: https://twitter.com/AndreasSteno Follow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Timestamps: (00:00) Introduction (00:18) Understanding The Fed's Meeting(06:27) Top Stories Of The Week(10:28) DAS NYC(12:14) Feature Interview with Dean Curnutt(17:20) Demand Destruction(22:50) Why Is Implied Volatility So Low?(36:14) The Macro Trade: The NASDAQ Butterfly(41:51) What If The Trade Is Wrong?(51:12) Post Interview: Final Thoughts--Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research &amp; speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Dean is looking at shorting the Nasdaq 100 ETF ($QQQ) by using a "butterfly" spread. He wants to fade a Fed pivot (he wants to bet against the consensus that the Fed will reverse course and loosen policy) by shorting duration-sensitive equities such as those in the Nasdaq. -- DASDigital Asset Summit is crypto's most institutional conference. DAS is the only conference that truly combines the worlds of macro finance and crypto, with speakers like Danielle DiMartino Booth, Mike Green, Jurrien Timmer, Brent Johnson. Visit <a href="http://digitalassetsummit.io" rel="nofollow" target="_blank">digitalassetsummit.io</a> and sign up for 20% off with code "MACRO."-- Follow Dean: <a href="https://twitter.com/Alpha_Ex_LLC" rel="nofollow" target="_blank">https://twitter.com/Alpha_Ex_LLC</a>Follow Andreas: <a href="https://twitter.com/AndreasSteno" rel="nofollow" target="_blank">https://twitter.com/AndreasSteno</a> Follow Alfonso: <a href="https://twitter.com/MacroAlf" rel="nofollow" target="_blank">https://twitter.com/MacroAlf</a> Follow Blockworks: <a href="https://twitter.com/Blockworks_" rel="nofollow" target="_blank">https://twitter.com/Blockworks_</a> Subscribe To The Macro Compass: <a href="https://themacrocompass.substack.com/" rel="nofollow" target="_blank">https://themacrocompass.substack.com/</a> Subscribe To Stenos Signals: <a href="https://andreassteno.substack.com/" rel="nofollow" target="_blank">https://andreassteno.substack.com/</a> Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: <a href="https://blockworks.co/newsletter/" rel="nofollow" target="_blank">https://blockworks.co/newsletter/</a>-- Timestamps: (00:00) Introduction (00:18) Understanding The Fed's Meeting(06:27) Top Stories Of The Week(10:28) DAS NYC(12:14) Feature Interview with Dean Curnutt(17:20) Demand Destruction(22:50) Why Is Implied Volatility So Low?(36:14) The Macro Trade: The NASDAQ Butterfly(41:51) What If The Trade Is Wrong?(51:12) Post Interview: Final Thoughts--Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research &amp; speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Shorting The Nasdaq With Butterfly Spreads | Dean Curnutt

Jared interviews Dean Curnutt, CEO of Macro Risk Advisors. Dean talks about what it was like opening an agency broker-dealer (during the financial crisis), the ups and downs and everything in between. Jared and Dean also discuss the current state of equity volatility, the prevalence of short volatility trades, and the fragility of the vol ecosystem.

Jared interviews Dean Curnutt, CEO of Macro Risk Advisors. Dean talks about what it was like opening an agency broker-dealer (during the financial crisis), the ups and downs and everything in between. Jared and Dean also discuss the current state of equity volatility, the prevalence of short volatility trades, and the fragility of the vol ecosystem.