VOL05: Maintaining Liquidity & Cash Efficiency ft. Zed Francis

<p>Jason Buck is joined today by Zed Francis to discuss the benefits of adding volatility strategies to your portfolio, achieving a negative a correlation to equities during market downturns, what Zed calls the ‘3 trading levers’, profiting from institutional volatility players, problems with some long-volatility strategies, when a discretionary approach is needed, how to adjust a portfolio if volatility is persisting, some thoughts on the VIX ETF, helping clients to achieve capital efficient accounts, maintaining liquidity for rebalancing during a selloff, and the deeper insight into the global macro landscape that being a volatility expert gives you.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p><strong>In this episode, we discuss:</strong></p><ul><li>The benefits of volatility strategies to a portfolio</li><li>How to profit from large stock market selloffs</li><li>Some of Zed Francis’s unique approaches to volatility trading</li><li>Profiting from institutional volatility traders</li><li>When to apply a discretionary approach</li><li>The VIX ETF</li><li>Helping clients to be cash efficient in their portfolios</li><li>The need for liquidity during large market moves</li></ul><br /><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Jason on <a href="https://twitter.com/jasonmutiny" rel="noopener noreferrer" target="_blank">Twitter</a>.</p><p>-----</p><p><br /></p><p><strong>Episode TimeStamps: </strong></p><p><strong>00:00</strong> - Intro</p><p><strong>01:41</strong> - Why should somebody add volatility or tail-risk strategies into their portfolio?</p><p><strong>03:10</strong> - Seeking a negative correlation to equities</p><p><strong>06:16</strong> - Can you explain what you call your ‘3 trading levers’?</p><p><strong>08:11</strong> - Can you breakdown your approach to combining ‘long gamma’ and ‘short Vega’?</p><p><strong>13:40</strong> - Do you aim to profit off institutional volatility sellers?</p><p><strong>15:16</strong> - Tell us about the short-vega side of your approach?</p><p><strong>28:34</strong> - The problems with some common long-volatility strategies?</p><p><strong>36:24</strong> - How do you think about the ratio between your long-gamma trades and your short-Vega trades?</p><p><strong>38:02</strong> - Do you want to explain your ‘Price is Right’ gameshow anology for long gamma strategies?</p><p><strong>40:57</strong> - Do you think that a discretionary approach is always needed at times?</p><p><strong>50:27</strong> - How do you adjust if volatility persists longer-term?</p><p><strong>55:36</strong> - What are your thoughts on the VIX?</p><p><strong>57:50</strong> - How to help clients to achieve capital efficient accounts?</p><p><strong>59:37</strong> - How do you maintain capital efficient overlays and also maintain liquidity for rebalancing during a selloff?</p><p><strong>1:04:18</strong> - Does being a volatility expert give you a deeper insight into the global macro landscape?</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. 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