The Money Angle

the dirties are down the cleans are up

On June 2nd I tweeted: June expiry in USO vol change on the 3% rally... OPEC agreed over the weekend to…

10 months ago

The “most important” gambling topic and a riddle

Non-self weighting strategy We watched Ocean’s Eleven with my older son Friday night (we’ve recently established a Friday night ritual…

11 months ago

the investment industry is a placebo

Giant swaths of the investment industry are doing nothing but selling soothing balms. Placebos. It is the vitamin industry at…

11 months ago

Netting risk, “The Hopeless”, John Arnold and more

Friends, A grab bag of practical finance nerd stuff today. Behind the paywall, subs get an exclusive complimentary pass to…

11 months ago

The variable that balances the buy/rent equation

You’ve solved one equation with one unknown a million times. For example: $20 - 2 * $8.99 = X where:…

11 months ago

two vol trader interview questions

Thursday’s post the dirties are down the cleans are up took the form of an extended interview question. If you are high-volume…

11 months ago

how I sold cotton at an all-time high

In the post If they ban short-selling derivatives become the underlying, I concluded with If futures are trading at full carry…

11 months ago

Our big TSLA covered call study

I’m excited to unveil a study Mark Phillips and I have been working on since late 2024. We presented it on an…

11 months ago

Options as LEGOs

I never go back and watch interviews that I’ve done, but I did this one with my son, Zak. And…

11 months ago

shortcuts to get implied vol from a straddle

I just want to say that you people are sick. This is the most viral tweet I can remember sending…

12 months ago