The Money Angle

“This was a vol event”

Equity markets have been crazy. In my caveman view, we just left a world where volatility markets were searching for…

2 years ago

Carvana Sandbags

In Ricki’s episode she talks about various order types in the market. One of them is the “fill or kill”.…

2 years ago

building an option chain in your head (part 1)

On my way to Portugal, I was stuck on a plane with no internet and was thinking about hedging downside…

2 years ago

A Jane Street Alum Teaches Trading

Finance and internet genius Patrick McKenzie started a podcast called Complex Systems during his sabbatical. His very first interview is…

2 years ago

The progression of investment skill

Here’s a long excerpt from Byrne Hobart’s appearance on Patrick McKenzie’s Complex Systems Podcast that explains modern alpha-seeking so well: Hedge funds…

2 years ago

Mr. My Way

First I want to bring an enlightening podcast episode to your attention. 🎙️How a Professional Sports Bettor Really Makes Money (Bloomberg…

2 years ago

Innocent Fraud

The last time I remember saying more than a sentence about macro was about 2 years ago. Before that the only…

2 years ago

Learn Probability

Dave is a quant at Paradigm. He asked: https://x.com/_Dave__White_/status/1811557747659538823 The thread is full of recs. I mentioned David Sklansky whose books…

2 years ago

The Gasoline of the Internet

The internet exposes us to a wide array of perspectives, beliefs, and behaviors that we might not encounter in our…

2 years ago

Ratio’d

Last week in Breakpoints, the discussion was about measuring implied skew. A common measure and the one we use in moontower.ai…

2 years ago