STUART A. McCRARY is a principal with Chicago Partners, LLC, and specializes in options, mortgage-backed securities, derivatives, and hedge funds. As president of Frontier Asset Management, McCrary managed and ran his own hedge fund before joining Chicago Partners. He has also worked as a senior options trader at Fenchurch Capital Management, as vice president in the mortgage department and in proprietary trading at First Boston Corporation, and as a portfolio manager with Comerica Bank. He has taught graduate-level courses in creating and managing a hedge fund at the Kellstadt Graduate School...