An Example “Options Relative Value Trading Framework”
The professional inspiration for moontower.ai
Education
Moontower Blog
Our thinking on options, trading, investing.
Bet Sizing Is Not Intuitive
Even people that should no better bet sums that are wildly suboptimal
Trading Vs Investing
Understand what you are actually doing
Another Kind Of Mean
Harmonic means for ratios
Excerpts From Benn Eifert on the Odd Lots Podcast
An insightful interview with the QVR option fund's founder
The Juicy Stuff Doesn’t Hit The Pit
On adverse selection
The Benefit Of Betting Culture
Practicing confidence intervals
My Investing Shame Is Your Gain
Why it took so long for me to start learn about investing
Greeks are Everywhere
Greeks are just fancy terms for a familiar idea: how sensitive options are to their inputs
The Gamma Of Levered ETFs
Applying the concept of option gamma to understand how levered ETF deltas trigger daily delta rebalances
3-Card Macro
A rare excursion into macro
Moontower on Gamma
The first option greek people learn after delta is gamma. Recall that delta represents how much an option’s price changes with respect to share price.
Finance Guilt
Defending finance careers
If You Make Money Every Day, You’re Not Maximizing
A treatise on hedging
From CAPM To Hedging
CAPM can help us compute hedge ratios and estimate "idio" risk
Newsletter
Get new posts by email.
Options, volatility, and risk — written by traders, delivered when we publish.