On June 2nd I tweeted: June expiry in USO vol change on the 3% rally... OPEC agreed over the weekend to hike production...but you saw the Ukraine-Russia developments. Competing bullish/bearish effects Vol is lower today if you look at the June surface. But it's probably up
Risk and Edge
Non-self-weighting strategy
Risk and Edge
Uselessly long feedback loops mean investing is an act of faith
a wide smattering of finance nerdom
You’ve solved one equation with one unknown a million times. For example: $20 - 2 * $8.99 = X where: X = how much change you are owed after handing over an Andrew Jackson for 2 hot dogs at Wrigley Field. In finance, this uneventful operation is dressed up with the
practice with volatility time
How Markets Work
The cotton market as a unique example of when derivatives become the underlying
Our thinking on options, trading, investing.
Selling covered calls in TSLA for the past 6 years
How to explain options and put-call parity to absolute beginners
more option math tricks
how charts oversimplify
the foundation of portfolio construction
Delta bid or vol bid?
VRP failure mode: a stale denominator
etf NAV and BTC
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
vol term structure backwardation
recent action
more live trading