The Money Angle

When Car Leases Offer Options For Less Than Zero

Car leases are said to be “an option to buy”. Put-call parity is the most important concept to understand about financial options.…

2 years ago

Using Options Better

While a successful volatility trader’s edge is in discerning relative value between options, they are agnostic on the direction of…

2 years ago

Mermaids, Fireflies, and the Bid-Ask Spread

A reader asks: Do you have any insight into the activities of market makers when they act as authorized participants…

2 years ago

Life Settlement Arbitrage

A guest post showing how "markets find a way" My friend Rajiv Rebello has helped both my family and extended family navigate…

2 years ago

Know Nothing Sizing

Know-Nothing Sizing We’ve been talking about how the market does follow the fundamentals you are earning a return because corporate…

2 years ago

Index Investing: The Nature of the Proposition

When a friend asks me what I think of investing in the SP500 I have a standard answer: It’s a…

2 years ago

Growth rate = 70% * (doublings/years)

Friends, I saw this chart on LinkedIn and the call of mental math immediately lured me onto the rocks. Since…

2 years ago

What Drives The Stock Market

My recent post, Nah…you just ain’t seein’ the ball addresses the lazy confession you hear when professional investors moan “the market doesn’t…

2 years ago

Nah…you just ain’t seein’ the ball

When I hear someone mope “the market doesn’t care about fundamentals” I change the channel. Market prices are a collection…

2 years ago

Inflation Replicator

Apparently yesterday was weird. The stock market like went down or something. Bad stock market [rubbing my portfolio’s nose in…

2 years ago