Eminence Research trades U.S. equity index options using a combination of algorithmic and discretionary methods.
The firm's work is built on two related ideas: that volatility is frequently mispriced, and that price movement, once established, tends to persist. The first is captured systematically, by our proprietary MMGA™ model. The second is traded by judgment, reading momentum as it forms in real time. Eminence trades only its own capital, has no outside investors, and has no current plans to raise outside capital.
A proprietary system that trades a defined options-premium mispricing, built to adjust to shifting volatility and liquidity conditions while holding to the discipline of the underlying model.
Positions built on live momentum confirmation in price action, taken by judgment across timeframes rather than by signal. Human trading.
The default assumption is that an edge is wrong, or temporary, until it has been made to prove otherwise. Strategies are tested under adversarial conditions before capital is allocated, and re-tested afterward — most ideas are rejected, and what survives is still treated as provisional.
Research, execution, and risk — run end to end, on a single book.