How Markets Work
vol trading is easier than directional trading
every industry has its challenges
How Markets Work
every industry has its challenges
Options and Volatility
law of one price in action
Options and Volatility
things to watch for in option chains
How Markets Work
resources for beginners
Options Theory
the basis of arbitrage and vol surface modeling
Risk and Edge
The most prominent decision biases in investing
How Markets Work
Commentary on the current market
Our thinking on options, trading, investing.
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
an intuitive way to visualize the Black-Scholes formula
the subprime crisis from both real-world and quant perspectives
simulating a time spread
Vertical spreads in action
how a trader can stop the urge to time the market
Vol drag does NOT change the mean or expected return. It affects the return you are most likely to experience.
liquid and levered lead while illiquid and indirect lag