Explaining gamma with a simple simulator
An interactive simulator to understand gamma scalping and delta hedging
An interactive simulator to understand gamma scalping and delta hedging
continuation of the discussion on time spreads through the eyes of a vol trader
simulating a time spread
How vol drag influences vertical spreads
Selling covered calls in TSLA for the past 6 years
more option math tricks
how charts oversimplify
VRP failure mode: a stale denominator
vol term structure backwardation
recent action
IBIT post-mortem
pure vol trading
Tails are not just scaled up version of volatility
on gamma scalping
"over the shoulder" cams
Options, volatility, and risk — written by traders, delivered when we publish.