Our big TSLA covered call study
Selling covered calls in TSLA for the past 6 years
Options as LEGOs
How to explain options and put-call parity to absolute beginners
shortcuts to get implied vol from a straddle
more option math tricks
what the vol spread hides
how charts oversimplify
the 2 vectors of volatility scaling
the foundation of portfolio construction
another example of vol goggles
Delta bid or vol bid?
shorter VRP lookbacks
VRP failure mode: a stale denominator
etf fair value
etf NAV and BTC
If they ban short-selling derivatives become the underlying
A reminder in the spirit of being attuned to seemingly far-fetched risks: If short selling were restricted in any way, the value of puts relative to calls on the same strike increases in a put-call parity framework. Another way to say this is being long stock is more valuable since only long sellers can sell. If puts increase relative to calls on the same strike, as they do when borrow costs increase, that is like a synthetic future on the stock trading at a discount to the stock price. Simil
the inverted term structure trap
vol term structure backwardation
vol speed round
recent action
moontower raw: another day of trading
more live trading
moontower raw: things i did today and why
discussing live trades
a quick thought before the week
liberation day thoughts
straddle-sniped
stepping thru a COIN vol trade
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