There’s Gold In Them Thar Tails: Part 2
Part 2 of selecting outcomes from the tails of a distribution
Education
Moontower Blog
Our thinking on options, trading, investing.
There’s Gold In Them Thar Tails: Part 1
Selection from strictly narrowed criteria
Notes From SIG's Todd Simkin
This interview lifts the veil a bit on SIGs trader education program and culture.
What Part Of Selling Calls Is “Income”?
Trading any option requires a view on volatility
Solving A Compounding Riddle With Black-Scholes
A puzzle that demonstrates why option models assume lognormal distributions
I Felt Bad For Picking My 3rd Grader Off
On quarantining risk by reducing dependencies
Selling Calls: It Might Be Passive, But It Ain’t Income
The premium you receive for writing calls is not passive income but compensation for risk
Using Insurance For Tax-Free Investment Growth
Insurance is a surgical tool -- use it carefully
Dispersion Trading For The Uninitiated
A gentle introduction to trading implied index correlation
The Monty Hall Problem Is More Than A Game
Real-life application of the Monty Hall conditional probability problem
What The Widowmaker Can Teach Us About Trade Prospecting And Fool’s Gold
How an option market decomposes probability from expectancy
A Cleaner Dashboard: Z-Scores Instead Of Price Changes
Use volatility-aware price changes for more context in your dashboards
Portfolio Theory And The Invisible Option On Hobbies
Portfolio theory is a portable idea to other parts of life
Jensen’s Inequality As An Intuition Tool
Practice in distinguishing linear vs non-linear phenomena
Option Lenses
The importance of looking at options comparatively
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