Options and Volatility
Positive delta puts
Selling puts in squeezes
Options and Volatility
Options and Volatility
Options on Levered ETFs (part 2)
Last week, in part 1, we backfilled prerequisite knowledge: 1. Distance in return space: equal percentage moves aren’t equal in compounded or log space 2. Vol bonus vs vol tax: trend and chop change the distribution of a levered asset 3. Derivatives-on-derivatives: options on the underlying ETF are inputs
Options and Volatility
Option on Levered ETFs (part 1)
“They” say human labor will be irrelevant by 2027. By then, any business you can think will be solved by capital (electricity and tokens) before you brush your teeth in the morning. You either get rich in the next year or join the permanent underclass. So we aren’t shocked
Options and Volatility
the art of paranoia
stubborn assumptions die hard
Options and Volatility
Our newest feature: TRADE IDEAS
How parallel coordinates turn four volatility metrics into actionable trade structures
Options and Volatility
VIX futures vs VIX synthetic futures
law of one price in action
Options and Volatility
what hides in the option chain
things to watch for in option chains
Options and Volatility
Explaining gamma with a simple simulator
An interactive simulator to understand gamma scalping and delta hedging
Options and Volatility
shadow theta
continuation of the discussion on time spreads through the eyes of a vol trader
Options and Volatility
calendar spreads through the eyes of a vol trader
simulating a time spread
Risk and Edge
Why meme stock put spreads look expensive
How vol drag influences vertical spreads
Options and Volatility
Our big TSLA covered call study
Selling covered calls in TSLA for the past 6 years
Options and Volatility
shortcuts to get implied vol from a straddle
more option math tricks
Options and Volatility
what the vol spread hides
how charts oversimplify
Options and Volatility
shorter VRP lookbacks
VRP failure mode: a stale denominator
Options and Volatility
the inverted term structure trap
vol term structure backwardation