delta-hedged risk reversals
The Attribution Visualizer now supports multi-leg delta-hedged trades
Latest
AI Traders
AI in the trading realm
hurst
time scaling assumptions
stacking carry: an inflation hedge you get paid to own
layering edges faster than risk when correlations are negative
face-ripper
flows before prose
get a mortgage from the option market
the growing way rich people get cash
a guide to option margin
On margin
A devilish question for option sellers: Which VRP is higher?
Measuring volatility premiums
market maker privilege
market maker advantages are real
how to get arbed with perfect information (again)
more replication theory
a cleaner way to compute seasonal vol
another way to bucket time
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.
how high implied vol works for and against you
when high implied vols is a gift or a curse
appreciating diversification
the basics of diversification
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
not all averages are created equal
bridging middle school math to investing math
From Text ➡️ Dashboards
vibe code a silver dashboard
vega's finishing move
how vega kills
trading as a sudoku puzzle
sense-making from market prices
How Markets Work
a market-making project you can do today
market making exercise
Options and Volatility
approximating gamma in your head
mental math on gamma
Options and Volatility
oil options and the raw gamma paradox
gamma and calendar spreads
Risk and Edge
Example of “measurement not prediction” in the wild
Contradictions
Options and Volatility
the moontower bridge
an opinionated way to marry options to investing
How Markets Work
links between options and event prediction markets
The odds surface across marketplaces