How Markets Work
A Cockpit View Of Q3
Q32024
How Markets Work
Options and Volatility
derivative "income" bumhunting
on the popular wave of option etfs
How Markets Work
crossing the commodity chasm
Learning about commodity futures
How Markets Work
why home prices could fall with mortgage rates
understanding how your home equity changes when mortgage rates spike
News
“This was a vol event”
The August 2024 VIX tantrum
How Markets Work
A Jane Street Alum Teaches Trading
How the Smart Money Teaches Trading with Ricki Heicklen
Risk and Edge
Mr. My Way
Sports gambling and a book rec
Risk and Edge
Options trading as a widget factory
Edge Functions: the hurdle for a trader's unit economics
Risk and Edge
Weighting An Options Pair Trade
Theta vs vega weighting
Options and Volatility
"Do you even trade bro?"
When are you an investor vs a trader?
How Markets Work
When it's normal to have no idea what your returns are
The lingua franca of asset management regardless of strategy is returns.
Options and Volatility
What Equity Option Traders Can Learn From Commodity Options
Lessons of markets that rhyme
How Markets Work
When Car Leases Offer Options For Less Than Zero
Back out the option premium from a car lease
How Markets Work
Mermaids, Fireflies, and the Bid-Ask Spread
On ETF and option market-making
How Markets Work
Life Settlement Arbitrage
A guest post showing how “markets find a way”
How Markets Work
Growth rate = 70% * (doublings/years)
If you can count doublings then you can easily dazzle your friends with how fast you estimate a growth rate for any number of years.