ArbitrOption Capital Management, LLC is a specialty private investment firm that invests in publicly announced corporate events.

Founded in 2009, we are an independent registered investment advisor based in the Washington, DC metro area. Our strategy marries traditional event-driven research with an option trading tactic to mitigate risk and maximize returns for investors. We invest in events including acquisitions, litigation outcomes, mergers, regulatory decisions, reorganizations, restructuring, special dividends, spin-offs, and split-ups.

Why ArbitrOption?

ArbitrOption’s differentiated strategy offers strong return potential with carefully calibrated risk and low correlations to traditional portfolio investments.

Distinct approach
Unlike other strategies that rely on mean reversion to drive returns, ArbitrOption’s approach is bottom-up, focusing on the fundamentals of each investment opportunity.
Dynamic Process
Our research library is continuously refined, incorporating the most recent developments into an evolving database of past investment situations.
Downside Protection
Our conservative approach to risk management assumes in stress tests that if an investment fails, it will fail catastrophically, providing defined, manageable risk for investors.
Portfolio Diversification
ArbitrOption’s strategy succeeds when corporate events are completed. This approach Diversification is market neutral, with very low correlations to traditional asset classes.
Attractive Return Potential
Each investment targets a return in excess of 10% on an annualized basis.
Each of these benefits is powerful individually. Taken together, they make ArbitrOption a compelling choice for investors.

Leadership

Heath Winter is the Managing Partner of ArbitrOption Capital Management, LLC and is responsible for research, trading, and portfolio management. Prior to forming ArbitrOption, Mr. Winter was Director of Research for the event-driven and special situations strategy of Silverado Capital Management from 2005 until 2009. Mr. Winter’s responsibilities at Silverado included generating investment ideas as well as researching positions and managing the portfolio. In addition, Mr. Winter was employed as an Analyst at M.H. Davidson, LLC in 2003 and as a Merger Arbitrage Analyst at Swidler Berlin Shereff Friedman, LLP from 2000 to 2002. He graduated with an MBA in Finance and Economics from Columbia Business School in 2004 and a BA in International Affairs from The George Washington University in 1997. Mr. Winter is an active participant in civic and philanthropic organizations including Montgomery Hospice.


Derek Kravitz joined ArbitrOption as an Intern in the Spring of 2015; he transitioned to a full-time Associate in May of 2016. Derek has extensive options trading experience having traded options for over six years in his personal account. Originally from San Diego, California, he relocated to Washington, D.C. in 2010 to attend The George Washington University where he earned a BA in International Affairs.