research · Feb 7, 2024

How to use the volatility term structure to improve your Sharpe Ratio

As the ski season hits its stride in the northern hemisphere, Sharpe Two finds itself stationed in Mexico City, perched at an altitude of 2250 meters. Yet, despite the elevation,

research · Jan 31, 2024

Finding Sharpe 2+ opportunities in a low volatility regime.

Lately, the low volatility regime has been testing the coping mechanisms of volatility traders. With few exceptions outside the equity space - like our recent DBA trade - those leaning

research · Jan 24, 2024

Let's narrow the gap between pro and retail traders

I knew a guy - let’s call him Jack - who killed it at the prop house I joined in London in the spring of 2011. A few months

research · Jan 17, 2024

The VIX is broken. Really?

The VIX index is, without a doubt, the go-to barometer for equity market sentiment. Often dubbed the 'fear gauge,' the VIX reflects the demand for out-of-the-money options on

research · Jan 16, 2024

How to construct a Long/Short volatility trade in corporate bonds?

The long-short strategy, where one asset is bought, and a similar one is sold, is a staple in the finance world. This technique traces back to 1949 with Alfred Winslow

research · Jan 11, 2024

EEM's Volatility Play - Sharpe Ratio 1.6 Win Rate 73%

At Sharpe Two, our strategy is to identify opportunities in the volatility space that demand minimal intervention. We dedicate our efforts to scouting situations where the premium investors pay notably

research · Jan 10, 2024

Blending IV Rank and VRP: A Path to Sharpe 2+ in Options Trading

If you've been with Sharpe Two from the start, you may have noticed that we've never featured a technical analysis chart. Spoiler alert: that will never

research · Dec 20, 2023

Don't Get too Close to Gamma

It's the final countdown to Christmas, and we're unwrapping a bounty of gifts for you this week. If you haven't subscribed yet, don'

research · Dec 13, 2023

Predicting direction is hard

What to expect - a less technical piece but a deeper intuitive understanding of how Sharpe Two approaches volatility trading. What's a common trait among retail traders and