HenrySchwartz

Henry Schwartz

Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the Cboe and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America. He holds a graduate degree from NYU’s Stern School of Business and a bachelor’s degree in Economics from the University of California, San Diego.

  • Market News | VIX | Futures | Mar 18, 2016, 12:45 PM

    CBOE VIX Options Volume Surges

    CBOE VIX Options Volume Surges

    CBOE VIX® option volume for March is averaging well over 700K contracts as realized volatility for the index stabilizes near 95% and traders marvel at the 50% retracement in the index from the 30 handle highs of February 11th.  Nearly 10M VIX contracts have traded in the first 18 days of the month, with calls leading puts 8:3, suggesting total monthly volume may top 15M contracts for the first time in six months. Large call spreads are driving much of the volume, including ratio spreads[...]

  • Market News | Oct 14, 2015, 10:00 AM

    Earnings Take Center Stage

    Earnings Take Center Stage

    In my experience option traders fall into one of two distinct camps: single stocks and index/ETFs.  Despite similar contract specifications and pricing models, the mindset required to trade each product type is notably different.  Single stock traders have earnings releases, takeovers, and other company-specific events to worry about, while index traders tend to pay close attention to macroeconomic headlines and global equity and volatility movements.  On average in our markets about[...]

  • Market News | Mar 27, 2015, 1:15 PM

    VIX Options Open Interest Spikes

    VIX Options Open Interest Spikes

    (Editors Note: Fred Ruffy from Trade Alert, LLC contributed to this article with Henry Schwartz) VIX April 20 calls were the most active option contract market-wide on Thursday with well over 150K contracts trading, including a block of 83,100 for 60 cents at midday when the market was 50 to 65 cents. VIX crowd confirms the buyer initiated the trade and paid 65 cents for 50K shortly after, with clearing data showing 136,000 contracts of new open interest at the strike. May 47.5 calls, June 50 calls,[...]