Using Options Better
A smattering of practical option tips
Education
Moontower Blog
Our thinking on options, trading, investing.
Mermaids, Fireflies, and the Bid-Ask Spread
On ETF and option market-making
Life Settlement Arbitrage
A guest post showing how “markets find a way”
Know Nothing Sizing
Vol is more stable than returns
Growth rate = 70% * (doublings/years)
If you can count doublings then you can easily dazzle your friends with how fast you estimate a growth rate for any number of years.
Socratic Puzzles To Build Your Financial Intuition
Puzzles to build fundamental trading logic
What Drives The Stock Market
Fundamentals [still] matter
Index Investing: The Nature of the Proposition
What we can learn from historical performance
Inflation Replicator
Notes on my personal investing and hedging inflation
If you annualize volatility with 252 days can you use that number in a 365-day option model?
Why all implied volatilities are "wrong"
Trade or Tighten’
A common trading game for trainees
A Visual Primer For Understanding Options
A visual mapping of the greeks
“flippers” vs “warehousers”
types of traders
Career Advice For Quants
Link to a collection of career resources
Kelly Math Weirdness
The danger of Kelly criterion when the bet is skewed
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Options, volatility, and risk — written by traders, delivered when we publish.