I used a pattern to explain it to my 12-year-old on our car ride on Monday. Start with: 8*8 =…
Paid subs will recall my story of Doug teaching Black-Scholes to my cohort at SIG back in 2001. Four hours in one…
I can’t remember which of the 3 Todd Simkin interviews on my blog I summarized where he mentions it but…
I got long IBIT (BTC etf) when my April calls expired ITM. IBIT continued rallying, I was happy to stay…
Notable short seller Andrew Left’s firm Citron Research gave his “all roads lead to $40” pronouncement on X this week regarding PLTR 2.90%↑ : Created…
In the discord, I was asked a good question that’s lingered for me. I’ll share the fuller response here but…
Yesterday, we (yet again) discussed the topic of how vol drag affects the skewness of a return distribution. In particular…
A conversation with Claude Opus 4 KA: What is the compact formula for daily option pl that relates realized variance…
One of the first lessons I learned in trading is how the tip of the information spear is the futures…
I got words today tying back practically to Sunday’s Money Angle about the relationship of vol to stock distributions. It’s…