Risk and Edge
An Example Of Using Probability To Build An Intuition For Correlation
How probability relates to correlation
Risk and Edge
How Markets Work
Trading Is A Team Sport
The lone genius trader is a myth
Risk and Edge
Bet Sizing Is Not Intuitive
Even people that should no better bet sums that are wildly suboptimal
Risk and Edge
Another Kind Of Mean
Harmonic means for ratios
Risk and Edge
The Benefit Of Betting Culture
Practicing confidence intervals
Options and Volatility
The Gamma Of Levered ETFs
Applying the concept of option gamma to understand how levered ETF deltas trigger daily delta rebalances
Options Theory
If You Make Money Every Day, You’re Not Maximizing
A treatise on hedging
Risk and Edge
From CAPM To Hedging
CAPM can help us compute hedge ratios and estimate "idio" risk
Risk and Edge
Solving A Compounding Riddle With Black-Scholes
A puzzle that demonstrates why option models assume lognormal distributions
Risk and Edge
I Felt Bad For Picking My 3rd Grader Off
On quarantining risk by reducing dependencies
How Markets Work
What The Widowmaker Can Teach Us About Trade Prospecting And Fool’s Gold
How an option market decomposes probability from expectancy
Options and Volatility
A Cleaner Dashboard: Z-Scores Instead Of Price Changes
Use volatility-aware price changes for more context in your dashboards
Risk and Edge
Talking To The Diamond Hands
Understanding the psychology of concentrated risk-taking
How Markets Work
Shorting In The Time Of ShitCos
A qualitative appreciation for the asymmetry of shorting
How Markets Work
Understanding Edge
The foundation of all trading
Options Theory
On Delta Hedging
The broad trade-offs when trying to isolate volatility bets