the investment industry is a placebo
Uselessly long feedback loops mean investing is an act of faith
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Netting risk, “The Hopeless”, John Arnold and more
a wide smattering of finance nerdom
The variable that balances the buy/rent equation
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
two vol trader interview questions
practice with volatility time
how I sold cotton at an all-time high
The cotton market as a unique example of when derivatives become the underlying
Our big TSLA covered call study
Selling covered calls in TSLA for the past 6 years
Options as LEGOs
How to explain options and put-call parity to absolute beginners
shortcuts to get implied vol from a straddle
more option math tricks
what the vol spread hides
how charts oversimplify
the 2 vectors of volatility scaling
the foundation of portfolio construction
another example of vol goggles
Delta bid or vol bid?
shorter VRP lookbacks
VRP failure mode: a stale denominator
etf fair value
etf NAV and BTC
If they ban short-selling derivatives become the underlying
A reminder in the spirit of being attuned to seemingly far-fetched risks: If short selling were restricted in any way, the value of puts relative to calls on the same strike increases in a put-call parity framework. Another way to say this is being long stock is more valuable since
the inverted term structure trap
vol term structure backwardation
vol speed round
recent action
Risk and Edge
moontower raw: another day of trading
more live trading
How Markets Work
moontower raw: things i did today and why
discussing live trades
How Markets Work
a quick thought before the week
liberation day thoughts
straddle-sniped
stepping thru a COIN vol trade
Risk and Edge
stop with the stop-loss debate
on stop-losses
Options Theory
one-touch
probabilities from deltas
Options and Volatility
BTC autopsy
IBIT post-mortem
Options Theory
weekend theta
understanding volatility time by zooming in on a weekend
Options Theory
one-touch
probability vs delta
Options and Volatility
surfing volatility
pure vol trading
Options and Volatility
Pigs on the Wing: vol tells us nothing about extreme moves
Tails are not just scaled up version of volatility
Options and Volatility
a misconception about harvesting volatility
on gamma scalping
Options and Volatility
More option videos posted
"over the shoulder" cams
How Markets Work
the edges empires are built on
from probability to edge
How Markets Work
rent vs buy
should you buy or rent a home?
How Markets Work
if you have a low rate mortgage, you incinerate money when you sell
understanding mortgages