 Stutland Equities became one of the first market makers on the Chicago Board Options Exchange.He successfully traded an entire portfolio of stocks, generating returns in excess of 100% on his capital.He became one of the first to trade VIX Volatility futures and options Stutland Equities generated returns in excess of 1% (post winsorization using 95/5 rule) on capital during the market's high volatility during the rapid collapse of the housing market and rising oil prices.