Day Three of the 31st Annual CBOE Risk Management Conference (RMC) on March 6th at the Hyatt Aviara in Carlsbad, California, has a terrific lineup scheduled.  RMC is well known as the premier educational forum for option professionals looking to enhance their knowledge on using equity derivatives and volatility products to manage risk.  This three-day conference 20-minutes North of San Diego should be very worthwhile.  The agenda with a list of topics and speakers for Sessions One and Two are in blogs over the last few days.  Links to the entire schedule and registration information are listed below.

RMC Day Three Agenda, Friday, March 6th

7:15 - 8:00     Breakfast

8:00 - 9:00     Volatility Around the World Krag “Buzz” Gregory, Equity Derivatives Strategist, Goldman Sachs

9:00 - 9:15     Break

9:15 - 10:30     Track A:    Risk Premia and Volatility Selling Strategies

- Theory versus reality in implementing systematic volatility selling strategies - Managing gap risks - How risk premia strategies fit in the context of macro level fund management

Defina Maluki, Portfolio Manager, Barclays Wealth and Investment Management Donald Pierce, CFA, Chief Investment Officer, San Bernardino County Employees' Retirement Association

9:15 - 10:30   Track B:    Correlations Between Stocks and Between Sectors

- What options traders need to learn from trading in correlation and dispersion - Update on correlation across different equity markets - Measuring and harvesting correlation risk premia

Jason Goldberg, Portfolio Manager, PIMCO Marko Kolanovic, Global Head of Quantitative and Derivatives Strategy, J.P. Morgan

10:30 - 11:00     Coffee Break

11:00 - 12:15     Track A

Leveraging Cross-Asset Volatility Dynamics in Forecasting and Trading

- Volatilities across asset classes have been increasingly driven by similar central factors - However, divergences can emerge, particularly during times of stress - Monitoring cross asset volatility relationships can aid in forecasting risk and identifying trading opportunities

Brandon Bates, Portfolio Manager, BlackRock Benjamin Bowler, Co-Head of Global Equity Derivatives Research, BofA Merrill Lynch

11:00 - 12:15     Track B

Selling Volatility Safely:  VIX, VXX, and Other Short Volatility Option Strategies

- The essence of VXX: a volatility trade for short time horizons, a term structure trade for longer horizons - The VXX’s path dependence - Economic differences between VIX and VXX option strategies - Divergences between realized and implied volatility strategies - Sizing & managing short volatility trades: managing risk versus premium outlay - Impact of volatility ETPs on the volatility market

David Burchmore, Portfolio Manager, Ontario Teachers' Pension Plan Rocky Fishman, CFA, Equity Derivatives Strategy, Deutsche Bank Securities Inc.

12:15     End of Conference Sessions

1:00     Golf Tournament

7:00 - 9:00 Buffet Dinner

There is space available at CBOE RMC. For more information about the full agenda, topics, speakers and registration forms, go to http://www.cboermc/agenda .

For those unable to attend we will have a recap of each presentation all three days with updates, Tweets and Blogs. To follow the conference go to

If you have not been to San Diego in March, it's like most days there.  Expect 72°, mostly sunny with a breeze off the ocean.   Find me, I'll have the sunscreen.