Options Theory
stock-bond correlation
Implied correlation between stocks and bonds
Options Theory
Implied correlation between stocks and bonds
Options and Volatility
High rates and vols make option hedges cheap
How Markets Work
Post-mortem on Leopold's SALP
Options and Volatility
Introducing Workflows
Options and Volatility
Applying the volatility lens to collar trade intents
Options and Volatility
Applying the volatility lens to defensive trade intents
Options and Volatility
Applying the volatility lens to Income workflows
Our thinking on options, trading, investing.
an example of a market-maker decision to not hedge
All option structures are a version of 3 themes
Basics portfolio construction
investing from different vantage points
The Attribution Visualizer now supports multi-leg delta-hedged trades
AI in the trading realm
time scaling assumptions
layering edges faster than risk when correlations are negative
flows before prose
the growing way rich people get cash
On margin
Measuring volatility premiums