The Benefit Of Betting Culture
Practicing confidence intervals
Education
Moontower Blog
Our thinking on options, trading, investing.
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
There’s Gold In Them Thar Tails: Part 2
Part 2 of selecting outcomes from the tails of a distribution
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
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