In this issue: a showdown with yourself unique job opening real-returns trading stock-bond correlation confidence intervals on bounded ranges Friends,…
At the end of July, Dean Curnutt tweeted: The thread should sound familiar. Weeks earlier, Dean tweeted about SNDK vols presenting…
Friends, I’m visiting my family in NJ so Moontower will return August 12th. That said, today is a longer essay.…
The market is 12-15. 12 bid. 15 offer. The broker sizes up the offer. “How many you got there? How…
Friends, This is the most viral tweet I’ve ever posted. By a full order of magnitude. May you never have…
Let’s start with this YouTube/Podcast episode where Erik and I discuss hedging. Delta Hedging Cost Benefit Analysis | The Options Trench…
As of 7/21, Substack has a Pangram integration to scan for how much of a post is written by AI.…
In this issue: Slop. Counterslop. What are retail option traders up to? Hedging is for gardeners Friends, As of 7/21,…
To piggyback off David Epstein’s explanation of chunking, I’ve discussed the technique several times in my writing in the context…
If you construct a portfolio from 2 stocks and one is $100 and the other is $10, buying a share…