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28 January 2022 Asset Allocation | FX

Ep. 97: Adam Iqbal on Carry Trades, Volatility and Trading Options

Bilal Hafeez

Adam is a Managing Director and Global Head of G10 FX Options Trading at Goldman Sachs. Prior to this, he was an FX Volatility Portfolio Manager at PIMCO, and he has worked as a vanilla and exotic FX options trader at Barclays Investment Bank in London. He is the author of Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory (forthcoming, 2022), and Volatility: Practical Options Theory (2018). Adam holds a PhD in financial mathematics and economics from Imperial College London, an MSc in applied mathematics from Oxford University, and an MSci, and BA in physics from Cambridge University. In this podcast we discuss:

Why investors and traders need to understand finance theory
What risk premia strategies are
Understanding risk premium through umbrellas and rainy weather
Common risk premia strategies in FX markets
Where currency volatility comes from
How to learn about options markets
Rules of thumb for trading options
When to use options
Books that influenced Adam: Asset Pricing (Cochrane) and End of Alchemy (King)

You can get Adam’s latest book Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory here and his book on FX options here.

You can read the transcript for this podcast here.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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