TLDR: the most interesting (and highly traded) assets are and will continue to be in the "SUVU" - stock up, vol up - category. in this context, look out for CRCL. in the table below, a number of these assets and some of the option pricing characteristics that emerge. $TSLA

the new "Fifty Cent"... VIX Sep 100/200 1x2 Call "Stupid" was offered at 0.50 the "Stupid" means you buy both...in this case you get one 100 strike call and two 200 strike calls for the bargain price of 50 cents... the all-time intraday high of 170 on the VIX was actually the

There will, by definition, always be a strongest (and worst) quarter, month and day for (insert asset/index here). We’d never say “historically, the return on the SPX is best on June 25” or worst on “October 19”. Why should we care about which month has been historically

CRCL, 15 trading days as a public company, sees 4x the option volume as JPM, founded in 1871.

Who is the "Chief Acronymist" responsible for these excellent pieces of legislation... The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) The PELOSI Act (Preventing Elected Leaders from Owning Securities and Investments Act) The STOCK Act

I’m excited to share that the MacroMinds Foundation 2026 Symposium is scheduled for June 4th. We are already lining up world class investors to speak, sharing their insights on critical topics in markets and risk. We are determined to make this our most impactful event yet, a

Missed some of the new functions we've shared? Here's a quick recap:

The latest podcast features Benn Eifert 🥷🏴‍☠️, the Founder and CIO of QVR Advisors. Among the topics explored are one way option flows and the impact on both the vol risk premium and performance of derivative overlay funds. Hope you find the discussion useful! Apple pod:

gold and "digital" gold...rolling 6 month realized correlation of daily returns between $GLD and $IBIT is close to zero. Gold is up 26% YTD and Bitcoin up 15%. Bitcoin has 47% correl to SPX this year. Gold has zero point zero (h/t Dean Wormer). These 2 assets remain worthy

Have seen the GFC often referenced in two time frames. Which do you use / think is more correct?

Happy 4th! Here’s the result of the poll …. certainly the seeds planted in 2007 but the SPX did hit an ATH in Oct 2007.