Money Math

oil options and the raw gamma paradox

The single biggest adjustment to get my head around when I crossed the chasm from equity options trading to commodity…

2 months ago

the math of investing

As I’ve shared here before, I spun up an investing class for middle and high school kids locally. I am…

3 months ago

the moontower bridge

I sent this to our moontower.ai list this week: If you run a trading or investment book that uses options…

3 months ago

links between options and event prediction markets

Oil vols and calls skews were up a lot this week as the expectation of the US striking Iran increases.…

3 months ago

sticky vs floating strike

Last week, in embedding spot-vol correlation in option deltas, I showed how vol paths use anticipated changes in implied vol as the…

3 months ago

embedding spot-vol correlation in option deltas

Before we get to the heart of today’s education, this is a video follow up to yesterday’s HOOD: A Case Study…

3 months ago

how taxes can influence option trades

I bought June/Feb13 put calendar in SLV a few weeks ago when the vol spread inversion went nuclear. That was…

3 months ago

Levered silver flows

In the spirit of spaced repetition, I published The Gamma of Levered ETFs as an article on X. Seemed relevant…

4 months ago

Vol orders and discussion on option execution

Today is about option execution. It’s a blanket response to a host of misunderstandings I find in talking to investing…

4 months ago

Earnings IV Glide Paths

I want to expand briefly on Wednesday’s HOOD: A Case Study in “Renting the Straddle” because HOOD’s implied volatility that contains earnings…

4 months ago