Risk and Edge
the 2 vectors of volatility scaling
the foundation of portfolio construction
Risk and Edge
the foundation of portfolio construction
Risk and Edge
Delta bid or vol bid?
Options and Volatility
VRP failure mode: a stale denominator
How Markets Work
etf NAV and BTC
How Markets Work
A reminder in the spirit of being attuned to seemingly far-fetched risks: If short selling were restricted in any way, the value of puts relative to calls on the same strike increases in a put-call parity framework. Another way to say this is being long stock is more valuable since
Options and Volatility
vol term structure backwardation
Options and Volatility
recent action
Our thinking on options, trading, investing.
more live trading
discussing live trades
liberation day thoughts
stepping thru a COIN vol trade
on stop-losses
probabilities from deltas
IBIT post-mortem
understanding volatility time by zooming in on a weekend
probability vs delta
pure vol trading
Tails are not just scaled up version of volatility
on gamma scalping