Moontower #242

2 years ago

Friends, We’ll start with a few things I enjoyed: 🎙️Nate Silver on the Bet The Process Podcast (Spotify) Bet The Process…

derivative “income” bumhunting

2 years ago

I use the following example all the time because it makes it makes the distinction between premium and income plain.…

a riddle related to American-style options

2 years ago

Friends, I saw a fun riddle this week. To get you in the right mindset before sharing it I’ll introduce…

Moontower #241

2 years ago

Friends, I saw a fun riddle this week. To get you in the right mindset before sharing it I’ll introduce…

crossing the commodity chasm

2 years ago

I was planning to publish a follow-up to last week’s derivative “income” bumhunting where I look closer at various ETF performances. I…

a winner that’s really a loser

2 years ago

The Earth rotates around the Sun at a speed of 67,000mph. When I go out for my occasional run, my…

how arbitrage pricing creates opportunities for directional investors

2 years ago

This post starts with a response to a reader question but leads to a deeper question -- do arbitrage-free prices…

Moontower #240

2 years ago

Friends, We start with a grab bag. 1) A money-saving tip: check how much you are paying for auto insurance.…

not getting picked off

2 years ago

A reader asked a question in relation to this excerpt from Why Home Prices Could Fall With Mortgage Rates: I wrote Staring…

Volatility Depends On The Resolution

2 years ago

Friends, Today we jump into another large learning post including a chart book and commentary. In this document, you will:…