Friends, I saw a fun riddle this week. To get you in the right mindset before sharing it I’ll introduce…
I was planning to publish a follow-up to last week’s derivative “income” bumhunting where I look closer at various ETF performances. I…
The Earth rotates around the Sun at a speed of 67,000mph. When I go out for my occasional run, my…
This post starts with a response to a reader question but leads to a deeper question -- do arbitrage-free prices…
A reader asked a question in relation to this excerpt from Why Home Prices Could Fall With Mortgage Rates: I wrote Staring…
Friends, Today we jump into another large learning post including a chart book and commentary. In this document, you will:…
Last Sunday, I sent out a paywalled flash post explaining why I thought GLD November volatility looked like a sale…
In Connecting Vol Surfaces To Option P/L, we showed how a position in the 6-month 25d put or 25d call…
Thursday’s paid post was cutting to the heart of vol trading — dynamic hedging to isolate vol mispricing. There’s a…
Just based on my local observations, it still feels like the bid-ask on residential real estate is wide. I wrote Staring…