FEATURED RESEARCH
Regime Change
A new force in the options market is causing a structural shift
A Primer on Drawdown Mitigation
How can you mitigate drawdowns?
Wimbledon Aced It
Strategy, Discipline, and Persistence pays off
The Edge In Discipline and Time
The Lake Hill ethos
The Recipe for Success with Options
The Critical Linkage Between the “Why” and the “How”
If It’s a Bull Market, What’s to Worry About?
We care about Skew
Social Order
Turbulent times affecting our society is just another chapter
Importance Of Properly Sizing Investments
Make portfolio allocation decisions based on both expected and unexpected outcomes
2024
Insure Against the Unpredictable and Move On
What are the chances the power goes out on a large ship?READ MORE >>
Waiting for a Sure Thing to Work
The massive increase in call option selling has created an opportunity
READ MORE >>
2023
0DTE Options Unmasked
Zero Days to Expiration Options (0DTE) have taken the market by storm. We analyze them and provide an FAQ.READ MORE >>
Are We in A New Volatility Regime or Not?
The answer is Yes
READ MORE >>
Buying Defensive Put Options on a Budget
Take advantage of the odds by buying and selling options with positive expected value
READ MORE >>
It Just Came Out of Nowhere
The Importance of Combining Risk Diversification with Risk MitigationREAD MORE >>
2022
Times Of Stress Create Opportunities
Investors should always be prepared for uncertainty and upheavalREAD MORE >>
2021
Colonial Pipeline and The Evolutionary Need to Imitate
If the other guy is doing it, perhaps I should do it too?READ MORE >>
Don't Mess With El Paso
What can Texas' electric grid tell us about the financial markets?READ MORE >>
Ergodicity Killed the Cat
What if there was a definitive formula for success in the markets?READ MORE >>
It's A Bull Market, What's to Worry About?
We care more about skew than the direction of the equity marketsREAD MORE >>
Shock Scenarios And Understanding The Process
The importance of combining "What if?" analysis with "What then?" processesREAD MORE >>
2020
Are You Ready for The Next Downturn?
The current market environment may be giving you false comfortREAD MORE >>
Bank Runs in The Time Of COVID
Similar to the Fed, investors have access to an expanding set of toolsREAD MORE >>
Day Traders And the Stock Market
Market despair and euphoria makes the case for option strategiesREAD MORE >>
Patience Is an Edge
How long might it take for these puts, or any options position (long or short), to payoff?READ MORE >>
Searching For True Diversification
Is there a direct way to hedge the downside without giving up too much of the upside?READ MORE >>
What Are We Rooting For?
Having an edge doesn't guarantee profits. You must be disciplined and patient.READ MORE >>
Where Do We Go from Here?
Similar to the photosynthesis process, investors could benefit from mitigating the effects of rainy days.READ MORE >>
EARLIER
Investing In A Roulette Wheel
A simplistic analogy to help explain risk management and capturing an edge in investingREAD MORE >>
Hedging Left-tail Risk With Right-tail Options
Find the portfolio protection you need without bleeding to death along the wayREAD MORE >>
What Is The Edge And Why Should It Work?
Looking at the difference between implied and realized volatilityREAD MORE >>
Importance Of Properly Sizing Investments
Make portfolio allocation decisions based on both expected and unexpected outcomesREAD MORE >>
Calibrating Expectations Using Sharpe
Define your risk tolerance and manage your expectations accordinglyREAD MORE >>
The Popularity And Pitfalls Of Weekly Options
Beware the risk of ruin from systematically selling options with negative edgeREAD MORE >>
Shock Scenarios And Understanding The Process
The importance of combining "What if?" analysis with "What then?" processesREAD MORE >>
Analyses Versus Biases In Bonds And Options
Behavioral biases and preconceived notions can lead to suboptimal decisionsREAD MORE >>
How Long Does One Have To Wait For An Option To Pay Off?
A look at the roulette wheel to understand timing, capital management & the importance of disciplineREAD MORE >>
Insurance Companies Are Liquidity Providers
Striking similarities and subtle differences between insurance and optionsREAD MORE >>
Innovations In Risk Transfer Over The Past 4000 Years
The history of options: Straight outta MesopotamiaREAD MORE >>
Tail-Risk Hedging By Systematically Buying Puts
A simplistic approach that provides false comfortREAD MORE >>
Cargo Cult Trading And Option Overlay Performance
Observing that something seems to work can blind you to how badly it can failREAD MORE >>