​Daily Wrap – Zero Cost Hedge Touted; AAM Hires Structured Products Chief

Options veteran Dominick Paoloni today looks at an alternative zero cost hedge with an uncapped participation to the upside. The trade is a potential alternative to a put spread collar, which limits the upside should the market see a bounce in times of high volatility. In the People & Firms section, AAM has hired a new head of structured products as the firm looks to expand its capital markets expertise. The last time EQD reported on AAM, it was preparing to launch a series of equity-linked unit investment trusts that mimic the properties of structured notes.