subway platform riddle for demographics

2 months ago

My older kid is getting braces in a few weeks. Based on the expected time he has to wear them,…

approximating gamma in your head

2 months ago

By now y’all know option traders have the ATM straddle approximation burned into their retina: straddle ≈ .8 Sσ √T…

Moontower #307

2 months ago

In this issue: math in the car with kids trader quick math from straddle to gamma Friends, My older kid…

oil options and the raw gamma paradox

2 months ago

The single biggest adjustment to get my head around when I crossed the chasm from equity options trading to commodity…

pitchfork CLAWback

3 months ago

You can’t swing a cat these days without hitting a prediction of what AI means for humanity. Insofar as it’s…

Moontower #306

3 months ago

Friends, You can’t swing a cat these days without hitting a prediction of what AI means for humanity. Insofar as…

useless NOISE

3 months ago

This is what ZeroHedge posted after NVDA earnings: and now NVDA is flat. straddles were pricing in 4.4% move. options…

Example of “measurement not prediction” in the wild

3 months ago

A reader replied enthusiastically to my 2-week-old post when logic and proportion have fallen sloppy dead giving me credit for calling that…

the math of investing

3 months ago

As I’ve shared here before, I spun up an investing class for middle and high school kids locally. I am…

Moontower #305

3 months ago

In this issue: The math of investing moontower as a “bridge” Friends, The money sections are full of education today,…