Options Theory
learning options from scratch
The basics
Options Theory
Options and Volatility
Volatility term structure from multiple angles (part 1)
Part 1 on term structures
Options Theory
moontower.ai testimonial and some of my thoughts
One of our pro subs sent us a note this weekend: Subscriber update: I’ve had a really successful first month with my moontower built trades. I’ve just been buying cheap vol verticals and diagonals, time spreads and selling expensive credit spreads, fine-tuning with the skew screen, playing the
Options Theory
tracking your portfolio and its risk
computing portfolio vol
Options Theory
a riddle related to American-style options
stopping time problems
Options and Volatility
how arbitrage pricing creates opportunities for directional investors
This post starts with a response to a reader question but leads to a deeper question
Options and Volatility
Dynamic Hedging & Option P/L Decomposition
Plus some realized vol trickery
Options and Volatility
understanding the realized vol portion of option p/l
isolating realized vol p/l
Options and Volatility
Connecting Vol Surfaces To Option P/L
Delta-neutrality, sticky strike vs sticky delta and more...
Options Theory
a deeper understanding of vertical spreads
This is part 2 of “building an options chain in your head”
Options Theory
The “grammar” of trading with SIG’s Todd Simkin
Learning trading with SIG's Todd Simkin
Options Theory
Learn Probability
Probability resources
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 Theory
Why Put-Call Parity Is Such A Deep Insight
The essence of understanding that calls and puts are actually the same
Options and Volatility
"Do you even trade bro?"
When are you an investor vs a trader?