🔗The Meta Of Market Efficiency Select posts:Understanding EdgeThe “No Easy Trades” PrincipleMeasurement Not PredictionInvesting Is Biology Not PhysicsDinosaur MarketsThe Juicy Stuff Doesn’t Hit The PitThe Paradox Of Provable AlphaThe Creep of Arbitrage Means Investing Is Mostly A Faith ExerciseNah...you just ain't seein' the ballMermaids, Fireflies, and the Bid-Ask SpreadThe progression of investment skill 🔗The Risk and Math of ReturnsSelect posts:The Volatility DrainPath: How Compounding Alters Return DistributionsWhere Does Convexity Come From?Why Volatility Still Matters To Buy-And-Hold InvestorsSolving A Compounding Riddle With Black-ScholesFrom CAPM To HedgingIf You Make Money Every Day, You’re Not MaximizingIs There Actually An Equity Premium Puzzle?Examples Of Comparing Interest Rates With Different Compounding IntervalsWell What Did You “Expect”?Geometric vs Arithmetic Mean In The WildUnderstanding Log ReturnsThe difficulty with shorting and inverse positionsIntraday Breakout RiddleI Felt Bad For Picking My 3rd Grader OffA Simple Demonstration of Return Vs VolatilityThinking In N not TGetting Comfortable With Log Charts 🔗Portfolio Theory Is Not IntuitiveSelect posts:Your Portfolio Intuition Is PoorBet sizing Is Not IntuitiveWhy You Don’t Get Paid For Diversifiable RisksYou Don’t See The Whole PictureGetting Paid To Flip Million Dollar Coins My grandma is $24.05 bid, stop embarrassing yourself 🔗Options and VolatilitySelect posts:Straddles, Volatilities, and Win RatesHow Options Confuse Directional TradersStructuring Directional Option TradesUsing The TSLA Price Endgame To Understand OptionsOn Delta HedgingUnderstanding Implied ForwardsA Socratic Dissection Of An Option TradeWell What Did You “Expect”?Using Log Returns And Volatility To Normalize Strike DistancesPractice Pricing Options By HandThe Snake Eyes OptionInsights From The Warrant Puzzle via Financial HackingFinancial Hacking: ETF vs Negative Oil FuturesUnderstanding Variance TimeWhat We Can Learn From Vertical SpreadsCovered Calls Are Still Just A Vol TradeShort Where She Lands, Long Where She Ain’tUnderstanding Risk Neutral ProbabilityThe Intuition Behind The Black Scholes EquationThe MAD StraddleBridge of Asses“Renting A Straddle”a birdie asked how to model a 1-day optionBreakpointsRatio’dbuilding an option chain in your head (part 1) 🔗Option GreeksSelect posts:Lessons From The .50 Delta OptionWhy Option Traders Focus On VegaFinding Vol ConvexityUnderstanding Vega RiskMoontower On GammaA Visual Appreciation For Black-Scholes Delta