Newsletter Thoughts

get a mortgage from the option market

I sold a house in the DFW area in 2022. Instead of a mortgage, the buyers financed the purchase via…

4 months ago

a guide to option margin

A few quick hits to start Welcome to Scamerica I remember on the NYMEX, when certain brokers would mosey into…

4 months ago

A devilish question for option sellers: Which VRP is higher?

A well-supported and common belief in the options world is that there is a premium of implied volatility to realized…

4 months ago

market maker privilege

Trader is a broad term. Uselessly broad if it encompasses jobs from the Vanguard employee who sends the rebalance order…

4 months ago

how to get arbed with perfect information (again)

In this issue: cross the “bridge of asses” scaling laws of risk reduction “research collector” skill The “Bridge of Asses”…

4 months ago

a cleaner way to compute seasonal vol

Vivek emailed me a simple question after reading yesterday’s does revenue seasonality translate to vol seasonality? post: Why not just compute volatility from…

4 months ago

does revenue seasonality translate to vol seasonality?

Last month H&R Block (NYSE: HRB) sold off hard on AI fears. Implied volatility soared to a new 1-year high.…

4 months ago

Greg Newman of Onyx on Odds On Open podcast

📺How the World’s Largest Oil Derivatives Trading Firm Is Navigating the Iran War | Odds on Open I’m biased considering I traded…

4 months ago

the singularity trade

Not to deter any stubborn bears, but just understand your history. In 1999, the Nasdaq returned 86%. If we ignore…

4 months ago

a delightful conclusion to the Investment Beginnings Series

This week I taught Class 5 of the Investment Beginnings series I’ve been doing with the 12+ year olds. my…

4 months ago