Newsletter Thoughts

Positive delta puts

Yesterday in “trader” is a uselessly broad term, I boosted several of Euan Sinclair’s insights about option trading. I saved one…

10 months ago

Moontower #297

Friends, A message for the 6th year in a row: As always around the holidays, Moontower is taking the next…

10 months ago

how reading moontower makes people feel

In a recent survey, I asked: Don't think too hard about this one...in a word or phrase, how does reading…

10 months ago

the middle class is no place to stay

If you are on X or just do a lot of investment-reading online, you are quite aware of the “$140k…

10 months ago

Moontower #296

Friends, If you are on X or just do a lot of investment-reading online, you are quite aware of the…

10 months ago

Moontower Binomial Tree Explainer

Last week, in American options are not vanilla, we covered not only the concept of early exercise for American options, but…

10 months ago

American options are not vanilla

I’ve always found it amusing that the most commonly traded options, American-style equity options contracts, are considered “vanilla”. Because they…

10 months ago

Holiday coziness = backgammon

I taught both my boys backgammon this past week. This is the younger guy playing with mom. I used to…

10 months ago

“markets vs democracies” in the wild

On Nov 26th, Imran asked his followers would what more likely to double in the next year — gold or…

10 months ago

Moontower #295

Friends, First of all, here’s the slides I shared in this vid: I hope that video was helpful. I watched it again…

10 months ago