BRIAN STUTLAND
Managing Member
Registered Investment Advisor
Brian Stutland established his own floor trading company, Stutland Volatility Group, in 2002, successfully trading an entire portfolio of stocks, generating returns in excess of 100% on his capital. He pioneered the shift to electronic options trading, as Stutland Volatility Group became one of the first Remote Market Makers on the Chicago Board Options Exchange (CBOE), then was a trailblazer in 2006 as he became one of the first traders to take on positions in VIX Volatility futures and options.
Since then, Stutland Volatility Group, has been able to take advantage of the market's high volatility during the collapse of the housing market and rising oil prices, carrying multi-million-dollar positions to generate returns well in excess of 100% on capital. Stutland's wide range of experience, which include making investments ranging from blue chips to distressed companies and even to Exchange seats, along with a record of trading multi-million dollar options positions in turbulent markets, has made him one of the most successful traders at CBOE.
Prior to starting his own firm, while receiving his Masters degree, Stutland became a trader with LETCO, one of the principal trading groups on CBOE, where he managed portfolio positions and made options markets for the blue chip and Internet stocks. By 2001, he assumed a new role as an individual Market Maker the day before 9/11, where he successfully traded options on Enron during the extraordinary collapse of that stock. Using his skills suited to volatile markets, Stutland was able to create returns greater than 50% on investment capital.
Stutland is a frequent contributor of market commentary to the news media and continues to write a blog with market updates given by he and his employees.
He graduated Cum Laude in 1997 from the University of Michigan with a B.S.E. in Chemical Engineering.
LUKE RAHBARI
Member
Registered Investment Advisor
Luke is a managing partner and is responsible for risk management and overall portfolio construction at Stutland.
Luke has over 25 years of experience trading equities, equity derivatives and structured products. Previously, he served as the largest independent market maker at CBOE for LETCO Trading (at the time, the largest listed equity options specialist firm in the United States), and became LETCO’s most profitable independent trader within the Designated Primary Market-Maker group. He subsequently managed the largest specialist unit at the CBOE, which, under Luke’s direction, became LETCO’s most profitable unit.
After Toronto Dominion Bank (TD) acquired LETCO in 2002, Luke launched TD’s U.S. Institutional Equity Derivatives desk for listed and OTC client orders and proprietary portfolio trading. The desk grew from zero volume to trading billions in notional value across US single names and indices. During this period, Luke traded with the largest overlay and volatility managers in North America.
After leaving TD, Luke established a FSA approved, UK asset manager, Peachtree Asset Management (the asset manager for Peachtree Settlement Funding), managing assets in the structured settlement space. In his dual role as CEO and Chief Investment Officer, Luke was responsible for financial, compliance and business decisions of the unit, in addition to all asset mix, selection and trading of structured portfolios.
Luke is a well-recognized expert in the derivatives industry and has been widely quoted or featured in the WSJ, Reuters, Dow Jones Newswire, TheStreet.com, The Financial Times, and Pensions and Investments.
He holds an MBA from the University of Chicago.
DANIEL J. DEMING
Stutland Equities Senior Trader and Member
Dan Deming is currently a very active market maker in the CBOE Volatility Index (VIX) options pit at the CBOE. Dan Deming is a nominee of Stutland Equities and acts as the sole trader of the member firm. The CBOE Volatility Index, commonly referred to as the market’s “fear gauge,” has become widely known as the world’s premier measure of market volatility and investor sentiment. Dan has twenty two years of experience trading various index options and futures. Dan has seen many changes over his twenty years in the business and continues to adapt his trading style to stay competitive in today’s market place.
During the past two years, Dan has also become one of the CBOE’s most recognized faces in the media, making regular appearances on CNBC (“Squawk on the Street”), Bloomberg TV (“Final Word” and “Market Pulse”), BNN (Business News Network), First Business (a syndicated FOX network business show), and CBOE TV (“In the Money w/Angela Miles”).
Dan Deming continues to draw from his experience and knowledge, as well as his ability to learn and adapt to be successful in the ever evolving marketplace. Dan is looking forward to developing his dual role of trader (both on and off the floor) and commentator (for various media outlets).
JOE TIGAY
Trader
Stutland Equities, Stutland Volatility Group Clerk
Joe Tigay started his career with Stutland Equities LLC. in 2005, working as a clerk on the Chicago Board of Options Exchange. He became a member trader of the Chicago Board of Options Exchange (CBOE) in 2008.
As a nominee trader of Stutland Equities LLC., Joe managed and traded a basket of equities as a remote market maker. Additionally, he made markets in the largest open outcry trading pit in the world, the S&P 500 pit of the CBOE. Currently, Joe is a market maker of VIX options.
Joe Tigay grew up in southeastern Michigan. He took his interest in finance to Michigan State University, graduating with a B.A. in Economics.
Joe also performes clerical duties for stutland volatility group.
