In the ELI5 vid published this week, I explained how the options market provides a rich understanding of a stock’s distribution…
During Cousins Camp this week, I taught the kids a fun trading game. Each kid has a private number that…
In options land, you constantly hear the returns are “non-linear”, “convex”, or maybe even “have curvature”. It comes from the…
On June 2nd I tweeted: June expiry in USO vol change on the 3% rally... OPEC agreed over the weekend to…
Non-self weighting strategy We watched Ocean’s Eleven with my older son Friday night (we’ve recently established a Friday night ritual…
Giant swaths of the investment industry are doing nothing but selling soothing balms. Placebos. It is the vitamin industry at…
Friends, A grab bag of practical finance nerd stuff today. Behind the paywall, subs get an exclusive complimentary pass to…
You’ve solved one equation with one unknown a million times. For example: $20 - 2 * $8.99 = X where:…
Thursday’s post the dirties are down the cleans are up took the form of an extended interview question. If you are high-volume…
In the post If they ban short-selling derivatives become the underlying, I concluded with If futures are trading at full carry…