How Markets Work
futures premium cell
Futures lead the cash
How Markets Work
Futures lead the cash
Our thinking on options, trading, investing.
Applying the volatility lens to Income workflows
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