crossing the commodity chasm
Learning about commodity futures
commodity kamikaze
a rebalance trade idea for my portfolio
how arbitrage pricing creates opportunities for directional investors
This post starts with a response to a reader question but leads to a deeper question
Volatility Depends On The Resolution
How realized volatility depends on sampling frequency
Intro to Simulating Dynamically Hedged Option Positions
daily delta hedging explained
GLD vol post-mortem
Exploring a GLD vol short
Dynamic Hedging & Option P/L Decomposition
Plus some realized vol trickery
why home prices could fall with mortgage rates
understanding how your home equity changes when mortgage rates spike
understanding the realized vol portion of option p/l
isolating realized vol p/l
Connecting Vol Surfaces To Option P/L
Delta-neutrality, sticky strike vs sticky delta and more...
a deeper understanding of vertical spreads
This is part 2 of “building an options chain in your head”
The “grammar” of trading with SIG’s Todd Simkin
Learning trading with SIG's Todd Simkin
“This was a vol event”
The August 2024 VIX tantrum
building an option chain in your head (part 1)
On my way to Portugal, I was stuck on a plane with no internet and was thinking about hedging downside market exposure. You know, like you do when you’re stuck on a plane. I know vols are in the toilet and to use a phrase from option broker Dean Curnutt — “buy umbrellas when the sun is shining”. It probably didn’t help that I also nodded along to Alexander’s post Time to Hedge? Choosing the specific hedge is a fingertip exercise in looking at the metrics (the whole raison d'etre for moontower.
A Jane Street Alum Teaches Trading
How the Smart Money Teaches Trading with Ricki Heicklen
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