How Markets Work
The Pods On Top Of The Food Chain
Understanding multi-managers and pods
Kris Abdelmessih
How Markets Work
Reflections On Getting Filled
What's the value of something you win at auction conditional on getting filled
Options Theory
The Beauty of Option Theory
On a talk I gave about the value of option thinking
Options Theory
You Think You’re Trading Vol...But Are You Even?
The implied volatility you think you're trading technically depends on your actual funding costs not the ones inherited from the marketplace.
How Markets Work
Battle Scars As A Call Option — The UNG Experience
A case study in oblique risk
How Markets Work
Insights From The Warrant Puzzle via Financial Hacking
Financial Hacking is one of the best books applying intuition to common problems in trading and investing
How Markets Work
Beating The SP500 > Winning The NBA Title
Consistent alpha or championships?
Options Theory
Mock Trading
A game inspired by mock trading
How Markets Work
If You Wait For All The Info You’ll Be Too Late
The necessity of acting with incomplete info
How Markets Work
Reasoning Through A Housing Trade Out Loud
Qualitative discretion
How Markets Work
It’s Not The Merit It’s The Price
The wrong price can ruin a great idea
Risk and Edge
Understanding Log Returns
The basics of log returns
Options and Volatility
Using Log Returns And Volatility To Normalize Strike Distances
Log returns measure how far strike prices are from the stock price as a function of time and volatility
Risk and Edge
Geometric vs Arithmetic Mean In The Wild
Using SP500 returns to distinguish geometric (compounded) returns from average arithmetic returns
How Markets Work
Trading Is Like Any Other Business
Trading is applying a process to a need or service the market demands
Risk and Edge
Well What Did You “Expect”?
Understand the meaning of "average" when returns compounds