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Harry Morad

Managing Partner


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Harry co-founded Pine Valley Investments (PVI) in 2015 and serves as the Managing Partner.

His investment career began as a proprietary options trader with a leading equity options market-making firm, Group One Trading. Group One Trading is most well-known for acting as the Designated Primary Market (DPM) of the VIX options pit on the Chicago Board of Options Exchange (CBOE). Harry primarily worked out of the New York, NY office where he streamed equity options markets as a Specialist to the then American Stock Exchange. He also disseminated equity options markets remotely to the then Pacific Stock Exchange (PSE), Philadelphia Stock Exchange (PHLX), Chicago Board of Options Exchange (CBOE) and International Securities Exchange (ISE). 

In July of 2008, he joined Toro Trading as a partner to lead a special situations desk. Toro was an equity options market-making firm located in New York, NY and Philadelphia, PA. Harry and his partners grew Toro Trading into a leading options market-making firm focused on ETFs and special situations. In 2012, Toro Trading was sold to Sun Trading, a high-frequency firm located in Chicago, IL. At that time, Harry became the Managing Partner of Toro Advisory Group (TAG). TAG offered consulting services, including options overlay strategies for institutional investors such as family offices, RIAs, funds and endowments. 

Harry has been a panelist and guest speaker at several ETF conferences and seminars, including events hosted by Bank of New York, Deutsche Bank and iShares. Harry studied Computer Science and Information Systems and Technology at Drexel University. He holds a Series 65 license.

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