The Long and Short of It with Derek Devens

Added: 2026-06-02

[00:00:00]Where do you see clients maybe underutilizing their balance sheet and how can strategies like overlay strategies help to change that?

[00:00:06]>> One, just continued dedication, right?

[00:00:09]What can you be doing? And then two, the the unlocking of your portfolio, tearing that out and doing the overlays or doing some of the more direct [music] strategies through separately managed accounts and using your balance sheet to get exposures and control risk in a way.

[00:00:22]>> A put writing strategy versus a call writing strategy come with very different risk profiles, very different [music] utility depending on market dynamics.

[00:00:29]>> If call writing's kind of like a lottery, put writing we think of it comes much more from a fixed income, right? Think of like an insurance company or a balance sheet or what have you.

[00:00:37]>> The SPX box [music] spread strategy, how this strategy is gaining traction, both retail and institutional investors alike looking at the box spread for both lending and borrowing utility.

[00:00:48]>> The market's [music] kind of primed for it because rates have gone back up. The fact that there's an order book for it um on Cboe is is terrific.

[00:00:56]>> Cboe put it spread book, how some investors are now [music] getting more interested in gaining crypto exposure.

[00:01:02]>> Crypto was a very early asset class to get derivatives.

[00:01:04]>> You take the complication out of it, you make it >> [music] >> work through the same pipes everything else does, and voila, you can gain exposure.

[00:01:11]>> Capital efficiency through options usage, that was [music] the long and short of it. Derek, thank you so much for joining me.

[00:01:16]>> As always, a pleasure. Thank you.