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research · Feb 17, 2026 · 9 min read

Why Iron Condors Eat Your Own Edge

The defined-risk trade that systematically destroys the richest premium on the vol surface

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research · Dec 6, 2023

Is there a better day to sell 0DTE in SPY?

What to find - a seasonality analysis on 0DTE ATM straddles in SPY and an improved strategy in 0DTE with a Sharpe>1. 0 DTE (for 0 day-to-expiration) contracts

5 min read
research · Nov 29, 2023

Delta hedging is expensive, do this instead.

What to find - why we accept the risk of not delta hedging our position and what we do instead with a straightforward, actionable trade as an example. The fact

6 min read
research · Nov 25, 2023

No, selling option is not a guarantee of income

Risk premia is the price the market is ready to pay for a well-understood and identified phenomenon and the set of risks that come with it. A great example is

5 min read
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