Jeremiah Duggan
Equity Derivatives Trader at Sumo Capital, LLC- Claim this Profile
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Bio
Experience
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Sumo Capital
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United States
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Financial Services
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1 - 100 Employee
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Equity Derivatives Trader
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Jul 2017 - Present
I research, analyze, develop, and execute option strategies on the S&P 500 for my own company within the Sumo umbrella. I research, analyze, develop, and execute option strategies on the S&P 500 for my own company within the Sumo umbrella.
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On Your Left Trading, LLC
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Chicago, Illinois
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Independent Business Owner
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Jul 2017 - Present
• Developed, tested, and implemented a forward pricing strategy in S&P options • Bootstrapped my company into a major player in the roll markets of the SPX • Realized ROI of 125% since inception • Developed, tested, and implemented a forward pricing strategy in S&P options • Bootstrapped my company into a major player in the roll markets of the SPX • Realized ROI of 125% since inception
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Andrie Trading
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Chicago, Illinois
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Head of the S&P Index Options Desk
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May 2014 - Jan 2017
*Rebuilt an S&P trading team into a competitive, cohesive unit that averaged a 33% ROI *Implemented regular team meetings that aligned goals, increasing engagement and accountability *Consistently created and executed strategies that reduced risk exposure while simultaneously increasing profit. *Developed and refined a delta management system to reduce costs while taking calculated, managed market risks. *Rebuilt an S&P trading team into a competitive, cohesive unit that averaged a 33% ROI *Implemented regular team meetings that aligned goals, increasing engagement and accountability *Consistently created and executed strategies that reduced risk exposure while simultaneously increasing profit. *Developed and refined a delta management system to reduce costs while taking calculated, managed market risks.
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Chicago Trading Company
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United States
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Financial Services
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500 - 600 Employee
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Senior Trader
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Aug 2012 - Nov 2013
• Optimized electronic trading system response characteristics to take advantage of market volatility trends• Executed a volatility arbitrage strategy among multiple products, including SPX, ES, SPY, DIA, DJX, and YM, and electronic exchanges such as the CME, CBOE, PHLX, and others regulated by the SEC.• Traded, managed risk, and developed strategy for the Dow Jones portfolio, exceeding profit target by over $1M in ten months
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Senior Trader
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Jan 2008 - Jul 2012
• Integral component of a small team that earned profits in excess of $10M in 2007, $12M in 2008, and $22M in 2009 while holding up to 500k vega risk trading index options on the Eurostoxx and DAX• Analyzed trading opportunities and managed risk; developed a framework to monitor position size and modeled the relative value of the term structure of volatility• Demonstrated ability to remain calm under pressure through the financial crisis of 2008 and the economic fallout of the Japanese tsunami in 2011• Trained, mentored, and managed new hires into successful traders through on-the-job feedback and formal mock-trading sessions• Generated new business opportunities for internal and external clients by suggesting profitable trading strategies based on an analysis of market conditions and events
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Intermediate Trader
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Jan 2005 - Jan 2008
• Adapted quickly to the nuances of trading in a new country with a new team; instrumental in expanding CTC’s international presence and reputation• Established and nurtured relationships with significant flow providers. Investigated who was receiving large orders, contacted them directly, and initiated business to begin a relationship. • Contributed to first profitable year in London in 2006, realizing $5M in profits
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Junior Trader
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Jul 2002 - Jan 2005
• Profitably traded and managed positions in Microsoft and Intel options in the pit and upstairs• Analyzed volatility comparisons to implement a cross-stock trading strategy within the semiconductor sector
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Education
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Indiana University
BS, Music; Business