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Payam Pedram and Jacques L. DeVore of Ascendant Asset Advisors
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FOT-September 2007-8
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Selling naked options can be risky, but it can also be lucrative if you know how to defend them. These fund managers discuss their tactics.
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Detailed Description
Unlike some traders who suffered major losses during this summer’s market turmoil, Payam Pedram has benefited from it.
Pedram, cofounder of Ascendant Asset Advisors in Beverly Hills, runs a managed futures program with a short bias that trades options on several indices — an approach that ultimately paid off this summer after losses in April and May.
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