Don Fishback
It's been more than 20 years since I first entered the financial services business as a broker. I still remember my first speculative trade; it was a futures spread trade involving Live Hogs (all of my friends in the business were farmers). Soon after entering the finance business, I moved from the brokerage side to the analysis side where I really wanted to be. I must have been doing something right, because I was promoted to Director of Research at the nation's largest options-only research boutique. In 1993, I left that firm to start my own company to focus strictly on volatility.
During my first decade as a trader and analyst, I was introduced to a strategy that had an extremely high probability of profit. I wanted to understand the mathematical reason for the extraordinary success. It was then that a friend of mine uttered the words that changed my life and ushered in a period of groundbreaking research. My friend Pete said, "It has something to do with that bell curve thing." From that point forward, I have used my mathematical skills to discover unique and profitable trading systems. My research has produced some of the most important findings in the options market today and are a part of every product found on this web site.
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Kevin Woodward
Balancing system performance, schedule, cost and risk is at the heart of the work I have performed for nearly 25 years in the aerospace and defense industry. And over that period of time, it has been my privilege to participate in the development of some of our nation’s most important and innovative technological advances. Ten years ago, while awaiting a transcontinental flight to New York, something caught my eye in the course of reading a prominent investment publication. It was an article about Don Fishback and his unique method of trading options. I was intrigued, and compelled to investigate Don’s approach further.
Working jointly with Justin, a very knowledgeable and trusted industry colleague, we found the focused discipline and robust analysis with which Don evaluates market conditions and option trading opportunities to be very similar to that which we regularly employ in the aerospace and defense industry to monitor and secure mission success. In the process, we found opportunities to complement Don’s approach with some additional time-tested systems engineering methods. In effect, we considered it a marriage of systems engineering and financial engineering. And after considerable research, design, development and testing, ODDS Precision Strike became a reality.
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Justin Knowles
I have been involved in financial analysis, cost estimating, statistical regressions, and risk in both the aerospace and entertainment industries for 15 years. During that time, my true love and focus has turned to analyzing trends in data, developing correct risk assumptions and estimating the impact of that risk, and forecasting anticipated outcomes. That has served me well when working with new technologies that have yet to be developed, and will not be used for 15 to 20 years. I love to take known data, bounce it against multiple potential outcomes, and come up with a most probable result.
When I began talking to Kevin about his newly found investment strategies, all sorts of ideas went through my head as to how our similar backgrounds would be perfectly aligned with the "problem" at hand: take an already great estimating technique in Don's data and make the risk even more acceptable to Kevin and me -- average investors. The years that followed were used to find additional market data that correlated to Don's data and viola! ODDS SigInt and ODDS Precision Strike were born!
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