The Money Angle

options policework

A moontower user sent this [paraphrased] message in our Discord the morning of Jan 9th: NLR [VanEck Uranium and Nuclear ETF] had…

5 months ago

Positive delta puts in the wild: Avis stock (CAR)

Remember that chart of CAR last week. (Matt Levine wrote about the fundamentals of the squeeze on 4/15) So this was Thursday:…

5 months ago

the bias of hedging on implied delta

Tweets Before we get to today’s meat, here are 2 threads spurred by oil’s advance yesterday.   Delta is God…

5 months ago

how to get arbed with perfect information

The “Bridge of Asses” 📺Option Pricing Explained: No Arbitrage + Financial Mathematics from a Quant | 52 min watch Doug Costa (SIG…

5 months ago

N² – n: why shorting is mathematically cursed

Recall the levered silver flows post where we see the quick math of levered ETFs. For a fund to maintain its mandated…

5 months ago

not all averages are created equal

What did we notice? a * b = Mean² − MAD² (where MAD = mean absolute deviation) As soon as…

5 months ago

From Text ➡️ Dashboards

We’ll start with some useful resources for the learners, then move to material for traders ready to do stuff. CME…

5 months ago

vega’s finishing move

“Vega wounds, gamma kills” is an esoteric expression that’s still common enough that you can google it and return a…

5 months ago

trading as a sudoku puzzle with prices as the given numbers

Trailing 1-year inflation per the CPI index has been ~2.5% Prompt CME gasoline futures (RBOB) are up 80% this year…

6 months ago

a market-making project you can do today

Friends, I tweeted something the other day that I want to expand on because it’s one of those ideas that’s…

6 months ago