Scott Nations is the president and chief investment officer of NationsShares, a division of Fortress Trading, Inc. Founded in 2002, NationsShares and Fortress grew out of Nations previous work leading proprietary equity index option trading firms.
NationsShares is the leader in creating option-enhanced indexes. Intended for ETFs and institutional investors, these products combine indexes and options in unique ways. The flagship Nations Enhanced Covered Call Indexessm generate greater returns with less risk (as measured by standard deviation of returns) than the underlying indexes. The Nations Enhanced Collar Indexessm generate option-enhanced returns without sacrificing appreciation, unlike all existing covered call products. These two products are covered by patents pending. NationsShares has licensed the Fortress Large Cap Enhanced Covered Call Index to a leading ETF provider.
Previously, Nations was head trader for Sovereign Capital, a proprietary trading firm based in New York and Chicago. Sovereign principally traded equity index futures and options using open outcry. Sovereign was a leader in using wireless handheld computers in the trading pits to broadcast theoretical option values to traders allowing those traders to make more efficient markets and capture transient pricing inefficiencies. While at Sovereign, Nations was one of the first traders to deploy wireless handheld computers in the S&P option pit at the Chicago Mercantile Exchange, where he was a member.
Prior to joining Sovereign, he was senior fixed income option trader and CBOT floor manager for the Arbitrage Group, a proprietary option trading firm with operations in Chicago, New York and San Francisco. Nations was responsible for development and implementation of a proprietary option pricing model along with deployment of wireless handheld computers to the trading floor. While at the CBOT, he also served on the exchange’s Technology Committee which handled a variety of electronic order delivery and electronic trading initiatives.
Nations holds a B.S. from the University of Kansas. He grew up in Overland Park, Kansas and currently resides with his wife in Chicago.
When whales like George Soros and Carlos Slim are making bearish bets on silver, even usually contrarian options traders are wise enough to recognize that the tide may be turning against the commodity.
The heavy call volume in the February expiry would appear to say yes. But unfortunately for Apple investors, a closer look at the activity suggests otherwise.
One investment research firm thinks so. With strong options activity and shares surging, the "Fast Money" team weighs in.
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