How Markets Work
links between options and event prediction markets
The odds surface across marketplaces
Kris Abdelmessih
Options and Volatility
sticky vs floating strike
modeling vol surfaces
Options and Volatility
embedding spot-vol correlation in option deltas
skew delta
How Markets Work
how taxes can influence option trades
taxes and options
How Markets Work
asian options
average price options
levered silver flows
computing rebalance quantities
How Markets Work
Vol orders and discussion on option execution
A few common misunderstandings
Options and Volatility
Earnings IV Glide Path
shadow theta when an event is approaching
Options and Volatility
HOOD: A Case Study in “Renting the Straddle”
earnings extraction example
Options and Volatility
Pricing 0DTEs
intraday decay
Risk and Edge
The Coastline Paradox in Financial Markets
there's no single volatility, just as there's no single measure of coastline distance
Options and Volatility
Positive delta puts
Selling puts in squeezes
Options Theory
Moontower Binomial Tree Explainer
Pricing American Style options
Options Theory
American options are not vanilla
American options as "optimal stopping time" problems
How Markets Work
“markets vs democracies” in the wild
votes vs money-weighted votes
Options and Volatility
Options on Levered ETFs (part 2)
Last week, in part 1, we backfilled prerequisite knowledge: 1. Distance in return space: equal percentage moves aren’t equal in compounded or log space 2. Vol bonus vs vol tax: trend and chop change the distribution of a levered asset 3. Derivatives-on-derivatives: options on the underlying ETF are inputs