How Markets Work
Notes From SIG's Todd Simkin
This interview lifts the veil a bit on SIGs trader education program and culture.
Kris Abdelmessih
Options Theory
What Part Of Selling Calls Is “Income”?
Trading any option requires a view on volatility
Risk and Edge
Solving A Compounding Riddle With Black-Scholes
A puzzle that demonstrates why option models assume lognormal distributions
Risk and Edge
I Felt Bad For Picking My 3rd Grader Off
On quarantining risk by reducing dependencies
Options Theory
Selling Calls: It Might Be Passive, But It Ain’t Income
The premium you receive for writing calls is not passive income but compensation for risk
How Markets Work
Using Insurance For Tax-Free Investment Growth
Insurance is a surgical tool -- use it carefully
Options Theory
Dispersion Trading For The Uninitiated
A gentle introduction to trading implied index correlation
Options Theory
The Monty Hall Problem Is More Than A Game
Real-life application of the Monty Hall conditional probability problem
How Markets Work
What The Widowmaker Can Teach Us About Trade Prospecting And Fool’s Gold
How an option market decomposes probability from expectancy
Options and Volatility
A Cleaner Dashboard: Z-Scores Instead Of Price Changes
Use volatility-aware price changes for more context in your dashboards
Options Theory
Portfolio Theory And The Invisible Option On Hobbies
Portfolio theory is a portable idea to other parts of life
Options Theory
Jensen’s Inequality As An Intuition Tool
Practice in distinguishing linear vs non-linear phenomena
Options Theory
Option Lenses
The importance of looking at options comparatively
How Markets Work
Getting Less Screwed On Compensation
Trading risk reversals on your bonus
How Markets Work
How I Misapplied My Trader Mindset To Investing
On overlearning lessons
Risk and Edge
Talking To The Diamond Hands
Understanding the psychology of concentrated risk-taking