Options Theory
Celibacy Vs Condoms: The Answer To Whether You Should Trade Options
Options are surgical tools. They are priced for specificity. What to consider before bothering with them.
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Options and Volatility
An Example “Options Relative Value Trading Framework”
The professional inspiration for moontower.ai
Risk and Edge
Bet Sizing Is Not Intuitive
Even people that should no better bet sums that are wildly suboptimal
How Markets Work
Trading Vs Investing
Understand what you are actually doing
Risk and Edge
Another Kind Of Mean
Harmonic means for ratios
How Markets Work
Excerpts From Benn Eifert on the Odd Lots Podcast
An insightful interview with the QVR option fund's founder
How Markets Work
The Juicy Stuff Doesn’t Hit The Pit
On adverse selection
Risk and Edge
The Benefit Of Betting Culture
Practicing confidence intervals
How Markets Work
My Investing Shame Is Your Gain
Why it took so long for me to start learn about investing
Options Theory
Greeks are Everywhere
Greeks are just fancy terms for a familiar idea: how sensitive options are to their inputs
Options and Volatility
The Gamma Of Levered ETFs
Applying the concept of option gamma to understand how levered ETF deltas trigger daily delta rebalances
How Markets Work
3-Card Macro
A rare excursion into macro
Options Theory
Moontower on Gamma
The first option greek people learn after delta is gamma. Recall that delta represents how much an option’s price changes with respect to share price.
How Markets Work
Finance Guilt
Defending finance careers
Options Theory
If You Make Money Every Day, You’re Not Maximizing
A treatise on hedging
Risk and Edge
From CAPM To Hedging
CAPM can help us compute hedge ratios and estimate "idio" risk