Options and Volatility
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
“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
stubborn assumptions die hard
Options and Volatility
How parallel coordinates turn four volatility metrics into actionable trade structures
Options and Volatility
law of one price in action
Options and Volatility
things to watch for in option chains
Options and Volatility
An interactive simulator to understand gamma scalping and delta hedging
Options and Volatility
continuation of the discussion on time spreads through the eyes of a vol trader
Options and Volatility
simulating a time spread
Risk and Edge
How vol drag influences vertical spreads
Options and Volatility
Selling covered calls in TSLA for the past 6 years
Options and Volatility
more option math tricks
Options and Volatility
how charts oversimplify
Options and Volatility
VRP failure mode: a stale denominator
Options and Volatility
vol term structure backwardation
Options and Volatility
recent action