Bill Greenwalt: Option trader tackles tough market

By David Bukey
September was a tough month for most traders, especially those who sell options. The S&P 500 moved in a 132-point range on Sept. 18 and 19, its largest two-day swing since the technology bubble began to collapse in the spring of 2000. This type of swing can wipe out options sellers who bet that the market will remain relatively stable.

However, fund manager Bill Greenwalt, 59, has endured the current financial crisis better than most professional options traders. Unlike some traders who swing for the fences, Greenwalt uses a conservative approach that earns modest, consistent profits.

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