“This was a vol event”
The August 2024 VIX tantrum
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Moontower Blog
Our thinking on options, trading, investing.
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
Option Analytics For All
Option surfaces as a unique source of market intel
Mr. My Way
Sports gambling and a book rec
Probability Matching In Nature
A wild phenomena
Learn Probability
Probability resources
Options trading as a widget factory
Edge Functions: the hurdle for a trader's unit economics
Weighting An Options Pair Trade
Theta vs vega weighting
Why Put-Call Parity Is Such A Deep Insight
The essence of understanding that calls and puts are actually the same
"Do you even trade bro?"
When are you an investor vs a trader?
When it's normal to have no idea what your returns are
The lingua franca of asset management regardless of strategy is returns.
Ratio’d
The follow up to Breakpoints
Narrating An Option Trade
Stepping thru my GME roll
Breakpoints
Gridpoints on the vol surface
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