At the Robinhood Summit last week, Mat Cashman and I hosted a “Trading Lab” emphasizing that options are surgical tools.…
Mat Cashman and I did a teach-in session to a large audience of conference-goers who use options. Here’s one idea…
Stand at one spot on a curve, measure everything you can there, and use those measurements to guess the height…
Kelly Criterion — Cheatsheet Derivation Step 1 One Period Expectancy E = pB − q where p = win probability,…
Alex is an options trader you should follow in case he ever tweets a lot. Because he doesn’t, when he…
Variance & Covariance Cheat Sheet Starting points (where every derivation begins) Everything below is derived from these definitions. They're the…
Programming Note: I normally publish Munchies on Wednesday and the paid post on Thursday, but this week I will post…
One of the most important concepts in risk-taking is bet sizing. Which is unfortunate because people are quite bad at…
I ask for your indulgence, for what follows is an informal word-wall connecting conversations I’ve had with some W2 friends.…
Back in my SIG days, every trader had a cell on their spreadsheet showing the SPUs (the name for SPX…