Headshot 1

Kevin Davitt

Kevin Davitt is a Senior Instructor for The Options Institute at Cboe, the educational arm of the Company. Davitt joined Cboe in 2015. Prior to his work with The Options Institute, Davitt was a successful Market Maker on the floor of the Cboe for LETCO Trading/TD Options as well as Market Street Securities. Davitt traded a number of Russell Indices between 2003 and 2007. Kevin also has extensive experience in commodity trading. He has worked with retail and institutional clientele in the markets. Davitt has provided commentary for Bloomberg, Reuters, Barchart, Inside Futures and various other market based media. He is a graduate of Marquette University (Finance and Political Science). Kevin is a proud Evans Scholar Alum. Outside of work he enjoys time with his wife, young son, and dog. Kevin likes to read, run, and see live music.

  • Aug 11, 2020, 10:59 AM

    Inside Volatility Trading: August 11, 2020

    Inside Volatility Trading: August 11, 2020

    You got my heart, you got my soul You got the silver, you got the gold You got the diamonds, from the mine Well that’s alright It’ll buy some time -The Rolling Stones “You’ve Got the Silver” Cboe® is excited to announce the launch of the Mini Cboe Volatility Index (Mini VIX™) futures as of August 10. The Bloomberg ticker is VXLA. The smaller sized futures contract has a $100 multiplier as opposed to the $1000/point inherent in the standard contract. These contracts[...]

  • Jul 28, 2020, 11:00 AM

    Inside Volatility Trading: July 28, 2020

    Inside Volatility Trading: July 28, 2020

    They say ev’ry man needs protection They say ev’ry man must fall Yet I swear I see my reflection Some place so high above this wall Bob Dylan – I Shall Be Released On July 28 of 1794, Maximilien Robespierre was executed by guillotine in Paris during the Reign of Terror. Robespierre was one of the most influential leaders of the Jacobins during the French Revolution. The French were inspired by the American Revolution and other Enlightenment principles. His death arguably brought[...]

  • Jun 2, 2020, 12:11 PM

    Inside Volatility Trading: June 2, 2020

    Inside Volatility Trading: June 2, 2020

    So Many Roads Twenty-five years ago (6/2/1995) the Grateful Dead began what would prove to be their final stand at the Shoreline Amphitheater. The Grateful Dead cultivated an exotic and far flung following. There was nothing standardized about their creative approach and it paid off. In the mid-90s, options were still generally considered to be niche tools used by some eccentric types. Similarly, The Dead were stereotyped as an unusual band without broad appeal, despite a considerable and devoted[...]

  • May 19, 2020, 12:39 PM

    Inside Volatility Trading: May 19, 2020

    Inside Volatility Trading: May 19, 2020

    Our days were long, our nights were longer Count the seconds, watch the hour Although we live on the US Dollar You and me we’ve got our own sense of time (Ezra Koenig/Vampire Weekend- Hannah Hunt) It’s been said countless times and there are constant reminders, but as Fed Chair Jerome Powell remarked on May 13, we’re living through a period "without modern precedent." We’re two months removed from nearly nationwide stay-at-home orders. The most populous county in the United[...]

  • May 6, 2020, 12:26 PM

    Inside Volatility Trading: May 6, 2020

    Inside Volatility Trading: May 6, 2020

    It might be over soon, two, two It might be over soon Where you gonna look for confirmation? So as I’m standing in the station It might be over soon….. Justin Vernon (22, A Million) Justin Vernon and his band Bon Iver put out their third studio album (winter) in late 2016. Their work is circuitous, dense, ever changing, and beautiful. Last year they finished the seasonal loop when they released (spring) “i, I.” Markets, at least from some perspectives, could be described[...]

  • Apr 21, 2020, 10:33 AM

    Inside Volatility Trading: April 21, 2020

    Inside Volatility Trading: April 21, 2020

    Trying to make some sense of it all But I can see, it makes no sense at all Is it cool to go to sleep on the floor? Cause I don't think that I can take anymore Clowns to the left of me, jokers to the right Here I am, stuck in the middle with you -Egan/Rafferty Cboe’s Inside Volatility pieces attempt to illuminate the investment landscape through a unique lens whose filters include index options, history, geopolitics…and some music. To wit, 1973 was a monumental year in both the United[...]

  • Apr 7, 2020, 8:34 AM

    Inside Volatility Trading: April 7, 2020

    Inside Volatility Trading: April 7, 2020

    Am I protecting or breaking an oath For Sigma oasis, it’s neither and both You’re finally weightless, so take to the air Sigma oasis you’re already there You’re already there (Anastasio/Marshall/Herman) Sigma is the 18th letter in the Greek alphabet and there are three distinct notations. The Greeks developed an incredibly robust culture with advanced comprehension of the natural world including mathematics, medicine, and economics. Uppercase sigma (Σ) is used to denote[...]

  • Mar 24, 2020, 8:57 AM

    Inside Volatility Trading: March 24, 2020

    Inside Volatility Trading: March 24, 2020

    These are extraordinary times with great uncertainty for everyone. We hope that our Inside Volatility Newsletter provides you with useful insights and historical context to help you navigate this difficult period. On a personal note, we would like to express our gratitude to our amazing health care workers. These people are heroes. Period. End of story. They go to work and have no idea what’s in front of them. They are willing to put their work, caring for those impacted by COVID-19 and other[...]

  • Mar 11, 2020, 10:55 AM

    Inside Volatility Trading: March 11, 2020

    Inside Volatility Trading: March 11, 2020

    Volatility Spreads Alongside COVID-19 Fears “And as you rise above The fear-lines in his brow You look down Hear the sound Of the faces in the crowd” Source: Fearless: Gilmour/Waters It’s difficult to strike an appropriate chord when analyzing and educating interested parties about volatility in the current environment. If “a picture says a thousand words” then the word count for this Inside Volatility Newsletter will come in between David Foster Wallace’s magnum[...]

  • Feb 26, 2020, 11:27 AM

    Inside Volatility Trading: February 26, 2020

    Inside Volatility Trading: February 26, 2020

    In like a Lion….or Bulls on Parade In the late 1960s John Fogerty (Creedence Clearwater Revival) wrote Proud Mary which could well describe the broad market of late. Big wheel keep on turnin’ Proud Mary keep on burnin’ Rollin’, rollin’, rollin’ on the river As we roll toward the end of February and into March, equity markets have been on a tear. The S&P 500® Index keeps on turnin’, burnin’, and rollin’. March tends to act as a bridge[...]

  • Feb 11, 2020, 9:09 AM

    Inside Volatility Trading: February 11, 2020

    Inside Volatility Trading: February 11, 2020

    Everyone Has a Plan Until… Thirty years ago (February 11, 1990) Buster Douglas shocked the world when he knocked out Mike Tyson in the 10th round of their Tokyo bout. Tyson came into the fight as the undefeated and undisputed heavyweight champion of the world. He had 37 wins, 0 losses and had never been knocked down. Douglas had lost his previous fight, his mother had passed away three weeks prior, and was listed as a 42:1 longshot. Mike Tyson had an air of invincibility and arguably underestimated[...]

  • Jan 28, 2020, 10:42 AM

    Inside Volatility Trading: January 28, 2020

    Inside Volatility Trading: January 28, 2020

    "What — Me, Worry?" On the December 1956 cover of Mad Magazine, Alfred E. Neuman made the first of his many appearances as a write-in candidate for President of the United States. As one of the longest running satirical publications in US history, the writers of Mad Magazine both parodied and captured the omnipresent state of uncertainty. In capital markets, some degree of worry is inevitable. Market practitioners and talking heads often reference the "wall of worry" that equity and fixed[...]

  • Jan 15, 2020, 9:44 AM

    Inside Volatility Trading: January 15, 2020

    Inside Volatility Trading: January 15, 2020

    Not All Tenors Behave the Same As the holiday season draws to a close, I am reminded of the music of my childhood. When we put up holiday decorations my mom would invariably play The Three Tenors Christmas on an antiquated cassette player. I can still hear Luciano Pavarotti, Plácido Domingo, and Jose Carreras singing Silent Night or Happy Christmas (War is Over) in my mind. They were the only “tenors” I knew until I started working on the Cboe. In finance, tenor has a different[...]

  • Dec 10, 2019, 2:39 PM

    Inside Volatility Trading: December 10, 2019

    Inside Volatility Trading: December 10, 2019

    A December (&Year) To Remember "It’s (supposedly) the most wonderful time of the year With the S&P 500® up about 25% (YTD as of 12/6/2019) And Trudeau caught on hot mics It’s the most wonderful time of the year It’s the hap-happiest season of all With those holiday greetings (you're not spending 2%) and the happy (Doral>Camp David) meetings When G7/NATO "friends" may come to call It’s the hap-happiest season of all There’ll be judicial hearings for[...]

  • Nov 26, 2019, 2:26 PM

    Inside Volatility Trading: November 26, 2019

    Inside Volatility Trading: November 26, 2019

    Four Centuries of Thanksgiving (And a Side of Volatility) Arguably the finest American holiday is upon us. Our Day of Thanksgiving traces its roots to the earliest Puritan settlers in the New World. The religious separatists who sailed across the Atlantic in the autumn of 1620 were greeted by an especially cruel winter during which half the colonists perished. In the Spring of 1621, Squanto, a member of the Pawtuxet tribe, is said to have taught the struggling settlers how to grow corn, catch native[...]