Options and Volatility
calendar spreads through the eyes of a vol trader
simulating a time spread
Options and Volatility
simulating a time spread
Options Theory
Vertical spreads in action
Risk and Edge
how a trader can stop the urge to time the market
Risk and Edge
Vol drag does NOT change the mean or expected return. It affects the return you are most likely to experience.
How Markets Work
liquid and levered lead while illiquid and indirect lag
Risk and Edge
How vol drag influences vertical spreads
Risk and Edge
Forecasting your actual compounded return
Options Theory
gamma p/l is the same as distance covered via acceleration
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
Options and Volatility
Selling covered calls in TSLA for the past 6 years