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…
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…
I got words today tying back practically to Sunday’s Money Angle about the relationship of vol to stock distributions. It’s…
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…
Thursday’s post the dirties are down the cleans are up took the form of an extended interview question. If you are high-volume…