In Connecting Vol Surfaces To Option P/L, we showed how a position in the 6-month 25d put or 25d call…
Thursday’s paid post was cutting to the heart of vol trading — dynamic hedging to isolate vol mispricing. There’s a…
Just based on my local observations, it still feels like the bid-ask on residential real estate is wide. I wrote Staring…
Friends, This week I wrote about real estate thought in Money Angle so to keep the length manageable we’ll just…
The small cap leg of the rotation in mid-July 2024 can be seen in IWM. I cherry-picked points before the…
Fresh haircuts. New desk in the house. Yep, school starts this week. I now have a 3rd grader and a…
Friends, Fresh haircuts. New desk in the house. Yep, school starts this week. I now have a 3rd grader and…
This is part 2 of "building an options chain in your head" In part 1, we reasoned through the following problem…
SIG’s Todd Simkin went on Ted Seides’ Capital Allocators podcast recently. I’m biased but Todd’s interviews are some of the…
Equity markets have been crazy. In my caveman view, we just left a world where volatility markets were searching for…