Risk and Edge
the arbitrage reflex is more profitable than the opinion reflex
the "system 2" reaction to a proposition
Risk and Edge
the "system 2" reaction to a proposition
Our thinking on options, trading, investing.
every industry has its challenges
law of one price in action
things to watch for in option chains
resources for beginners
the basis of arbitrage and vol surface modeling
The most prominent decision biases in investing
Commentary on the current market
how NOT to incinerate money
The speed game we played as we learned put/call parity
An interactive simulator to understand gamma scalping and delta hedging
continuation of the discussion on time spreads through the eyes of a vol trader
start squaring a number N then seeing what happens as you multiply 2 numbers whose average equals N