Newsletter Thoughts

slop

Merriam-Webster’s Word of the Year for 2025 is “slop”. First of all, what a difference a year makes. In late 2024, my…

3 months ago

Pricing 0dte’s

On the last day of November, Kevin bought a bunch of cheap SPY options about 10 minutes to the close and scored.…

3 months ago

The Coastline Paradox in Financial Markets

I started researching/writing this post about a month ago. It took a strange arc. It began with me wondering about…

3 months ago

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…

3 months ago

Moontower #297

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

3 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…

4 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…

4 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…

4 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…

4 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…

4 months ago