How Markets Work
my read on the market from the option lens
Commentary on the current market
How Markets Work
Commentary on the current market
Options Theory
how NOT to incinerate money
Options Theory
The speed game we played as we learned put/call parity
Options and Volatility
An interactive simulator to understand gamma scalping and delta hedging
Options and Volatility
continuation of the discussion on time spreads through the eyes of a vol trader
start squaring a number N then seeing what happens as you multiply 2 numbers whose average equals N
Options Theory
an intuitive way to visualize the Black-Scholes formula
How Markets Work
the subprime crisis from both real-world and quant perspectives
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