I can’t remember which of the 3 Todd Simkin interviews on my blog I summarized where he mentions it but…
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…