Options Theory
The Beauty of Option Theory
On a talk I gave about the value of option thinking
Options Theory
Options Theory
You Think You’re Trading Vol...But Are You Even?
The implied volatility you think you're trading technically depends on your actual funding costs not the ones inherited from the marketplace.
How Markets Work
Battle Scars As A Call Option — The UNG Experience
A case study in oblique risk
How Markets Work
Insights From The Warrant Puzzle via Financial Hacking
Financial Hacking is one of the best books applying intuition to common problems in trading and investing
Options Theory
Mock Trading
A game inspired by mock trading
Options Theory
Understanding Implied Forwards
Learn how to compute the the volatility between 2 expirations
How Markets Work
Portfolio Theory In The Wild: Funding YouTube Creators
More life-applied portfolio theory
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.
Options Theory
Greeks are Everywhere
Greeks are just fancy terms for a familiar idea: how sensitive options are to their inputs
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.
Options Theory
If You Make Money Every Day, You’re Not Maximizing
A treatise on hedging
Options Theory
There’s Gold In Them Thar Tails: Part 2
Part 2 of selecting outcomes from the tails of a distribution
Options Theory
There’s Gold In Them Thar Tails: Part 1
Selection from strictly narrowed criteria
Options Theory
What Part Of Selling Calls Is “Income”?
Trading any option requires a view on volatility
Risk and Edge
Solving A Compounding Riddle With Black-Scholes
A puzzle that demonstrates why option models assume lognormal distributions
Options Theory
Selling Calls: It Might Be Passive, But It Ain’t Income
The premium you receive for writing calls is not passive income but compensation for risk