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…
I think about what Matthew Clifford said about technology when he was on Infinite Loops back in 2022 and before…
Here’s a summer reading book rec for investors: My wife and I are both reading this. It’s laugh-out-loud funny. Gary…
I turn 48 today. Once again grateful that another year of life insurance premium went to waste. It’s a reflective…