How Markets Work
a guide to option margin
On margin
Kris Abdelmessih
Options and Volatility
A devilish question for option sellers: Which VRP is higher?
Measuring volatility premiums
How Markets Work
market maker privilege
market maker advantages are real
Options Theory
how to get arbed with perfect information (again)
more replication theory
Options and Volatility
a cleaner way to compute seasonal vol
another way to bucket time
Options and Volatility
does revenue seasonality translate to vol seasonality?
linking volatility to fundamentals
the singularity trade
Not to deter any stubborn bears, but just understand your history. In 1999, the Nasdaq returned 86%. Kris@KrisAbdelmessihWhen I say markets are running 1999 sheets it's a sweeping reference to a time where single stock calls had a lot skew and greed not fear was in control.
Options and Volatility
how high implied vol works for and against you
when high implied vols is a gift or a curse
Risk and Edge
appreciating diversification
the basics of diversification
Options and Volatility
how a high implied vol can be cheap
Volatility is not a single measure
How Markets Work
hard earned trading wisdom
insights from a practioner, quant and author Euan Sinclair
Options and Volatility
options policework
practice separating outcome from process
Positive delta puts in the wild: Avis stock (CAR)
example of puts that lost value as a short-squeezed stock fell
Options and Volatility
the bias of hedging on implied delta
deltas depend on vols
Options Theory
how to get arbed with perfect information
no-arbitrage theory can be triggering
N² - n: why shorting is mathematically cursed
why it's more fun to go long