Condor Options

Financial Geekery Mini-linkfest

When the market is frustrating or weird or mostly untouchable, we find that’s usually the best time to geek out.  The research linked below has, beyond its immediate educational value, the hidden benefit of also being difficult and long enough to keep you from overtrading and/or obsessing about day-to-day nonsense. Emanuel Derman on models. More on volatility as an asset class.  We expressed our doubts about pursuing this notion qua retail traders here.  Obviously, there are variance and…