The Money Angle

so you’re interested in trading…

Friends, This is a follow-up letter I wrote to someone who called me interested in learning to trade. Look, trading…

7 months ago

implying the cost of carry in options

This is the follow-up to last week’s the easiest win in options is for stock traders. In that post, we started…

8 months ago

how overconfidence and confirmation bias create reinforcing loops

Below is an excerpt from the presentation I did at McCombs Business School at UT Austin. It’s more hands-on to…

8 months ago

my read on the market from the option lens

SP500 is up about ~33% since the April low. To choose a different reference point, since the Feb high water…

8 months ago

Do my wife and I have separate accounts and other personal money questions

While our exchange students bid us farewell yesterday, this week, much of my east coast fam is visiting to celebrate…

8 months ago

the easiest win in options is for stock traders

Most people who get into options are seduced by levered returns, but for the relationship to go from a fling…

8 months ago

Insider selling that’s…bullish?

I referenced one of Kevin’s articles about funding trades in Thursday’s letter. I have several of Kevin’s tweets saved. This one is…

8 months ago

Learn put/call parity with this free game

Yet another vibe-code project. This one went viral because…it’s a game! It's a replica of the one we trained on…

8 months ago

Explaining gamma with a simple simulator

Matt Zeigler hosted myself and Mat Cashman to explain gamma. This is the 3rd episode I’ve done in this ELI5…

9 months ago

shadow theta

Today is a continuation of calendar spreads through the eyes of a vol trader. Recap That post is a response to…

9 months ago