~100% Returns in 2025, No Losing Year Since 2008: Erik Smolinski on Edge for Retail Trader Edge

Podcast: Odds on Open · Ethan Kho

Opublikowano: 2026-07-16

In this episode of *Odds on Open*, hedge fund risk manager and derivatives trader Erik Smolinski deconstructs the structural mechanics of alpha generation, portfolio construction, and risk mitigation in liquid markets. Boasting a near-100% return last year and a flawless annual track record since 2008, Erik details how he transitions from profiling persistent market effects to engineering scalable profit mechanisms. The discussion explores the practical realities of the variance risk premium (VRP), sector rotation dynamics, and advanced derivatives structures—such as ratio call diagonals—designed to capture convex upside across shifting volatility regimes while minimizing exposure to tail risk and adve...