This is C.N.C. Pro Talks, where we go one-on-one with Wall Street's top investors,

smartest traders, and rising stars. We find out what makes them tick, what makes them money,

and how you can follow in their footsteps.

Welcome to another edition of

C. M.C. Pro Talks, I'm Mike Santoli in today for Dominic Chu.

This month's guest is Michael Coe. Mike is co-founder and

Chief Strategist of Open Interest Pro, a Financial Data Analysis and Investment

Strategy Consulting Firm. He's also the co-author of the options edge, a guide to

understanding the value of options, volatility, and strategies for

institutional and retail investors. We have him here today to discuss that very

topic, broader markets, and to answer some questions from

CNBC Pro subscribers.

So Mike, it's really great to have you here today.

Let's start to get into it.

I love to just, I guess guess set the scene if you could with

describing your background in this business which I know stretches back what close

to 30 years. Yeah it's just under 30 years I started in the business in the mid-90s. I was first a member of the

Philadelphia Stock Exchange. We traded options on stocks, cash settled indices at the time this was sort of before ETFs really took off and we traded statistical volatility arbitrage.

I later transitioned to the American Stock Exchange in New York

and ran a specialist unit there, trading options and a lot of new listings as, you

know, basically the options market really started to expand then and it just has

continued to explode ever since.

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