Moontower Sunday
pitchfork CLAWback
In this issue:
🌙half-baked AI thoughts
🌙making your own teacher
🌙a satisfying derivation of the 80% straddle rule
moontower.substack.com/p/pitchfork-...
The recent action in EWY fits a pattern that happens frequently enough to be worth understanding the SHAPE of its vol.
You will find:
🌙handy measures
🌙inspiration for your own exploration
🌙GIT notebook to get you started with yfinance
data
moontower.substack.com/p/how-a-high...
Moontower
🌙Launching podcast/YT series: The Options Trench
🌙Make it make sense
🌙"measurement not prediction" in the wild
moontower.substack.com/p/at-least-m...
Moontower #305
🌙Investment Beginning Class #2: The math of investing
🌙moontower as a bridge
moontower.substack.com/p/paying-too...
Moontower for today...
🌙options policework
A highly useful and approachable post (well that claim is for you to decide) for deconstructing a bad beat, how to manage the position, and basic sizing framework
moontower.substack.com/p/options-po...
Moontower #303
🌙more AI use examples
🌙how taxes can influence option trades
Below is a vid from the post of IB recognizing a synthetic call. (I explain why I built that structure, because I wanted to close for taxes)
moontower.substack.com/p/tip-your-l...
New Moontower post
From Text ➡️ Dashboards
The gist of this is that good content is becoming more "usable". We're realizing this at different paces but it'll be obvious to most eventually
moontower.substack.com/p/from-text-...
Moontower #302
🌙i finally got around to some reading
🌙asian options
moontower.substack.com/p/asian-opti...
Moontower
🌙on free markets
🌙Bet The Process interview
🌙Investments Beginnings Class
🌙Silver levered ETF rebalances
moontower.substack.com/p/whats-the-...
Moontower Munchies
🌙Why optimism is hard
🌙Dunning-Kruger detector
refs:
@strangeloopcanon.com
moontower.substack.com/p/dunning-kr...
Moontower #300
🌙AI projects I'm working on
🌙Investment Beginnings Class
moontower.substack.com/p/innovators...
Moontower #299
🌙haters
🌙earnings vol
🌙better deltas
moontower.substack.com/p/haters
Today's moontower:
embedding spot-vol correlation in option deltas
moontower.substack.com/p/embedding-...
Got distracted and published an option post on a Wednesday instead of a Thursday.
Used $HOOD to talk about earnings volatility
moontower.substack.com/p/hood-a-cas...
Off-cycle post
moontower.substack.com/p/illusions-...
Moontower
🌙work is going to feel very different by next Christmas
🌙 on trading games and family games
refs:
moontower.substack.com/p/work-is-go...
For the fun of it...deployed a version of @investingidiocy.bsky.social
simulator with the ability to change design themes
trading-sim2.moontowermeta.com
Today's Moontower
🌙Vol orders and option execution
🌙Highlighting @investingidiocy.bsky.social awesome post about Raen and funded trader challenges. He posted his code so I took the liberty:
trading-sim.moontowermeta.com
Full letter:
moontower.substack.com/p/vol-orders...
First Moontower of 2026!
🌙dealer gamma
🌙"slop"
refs:
@kyla.bsky.social
moontower.substack.com/p/slop
Picking up like 500 bot followers a day here wtf
same, ty!!
Doin some maintenance...filed all YT vids into playlists if interested
www.youtube.com/@moontower-a...
Moontower Wrapped 2025
A smattering of recs & personal thoughts.
May your holidays be cozy, hilarious, and filled with peace & love.
moontower.substack.com/p/moontower-...
WHY YOUNG PEOPLE ARE BETTING ON EVERYTHING
In today’s Wall Street Journal, I wrote about how an economy with fewer stable paths is pushing young people toward low probability, high payoff bets in search of upside - even though this is not what people actually want.
Moontower Survey Results w/ some commentary...
Been a few years since I did a reader survey to learn about YOU
Thanks to all those who responded!
One question that is always fun because it highlights framing is "how does reading MT make you feel?"
moontower.substack.com/p/moontower-...
Moontower today
(sigh) I've managed to go a long time without writing about 0DTEs directly. But I got lured in by a trade a mutual shared last month.
If you insist on trading 0DTE hopefully this helps
moontower.substack.com/p/pricing-0d...
Moontower today...
1. The short answer is – revolutions don’t work the way you think. Revolutions aren’t initiated by the poor against the rich. They are crusades launched by the top 2% against the top 1%. -- Manu Joseph
2. MGTN implied correlation?
moontower.substack.com/p/the-poor-a...
Moontower #296
🌙the middle class is no place to stay...personal take in the wake of "$140k poverty line" virality
🌙option exercise & pair trade weight calculators
moontower.substack.com/p/the-middle...
It's all very relevant for both option traders and anyone who uses volatility in their risk or sizing measures.
Covers some extra curiosities as well that I hope you find delightful or at least satisfying.
☮️
Today's Moontower was a post I really enjoyed writing.
It started with surprise in the way my "napkin" estimate was wrong and forced me to learn some math that i never stared at directly at before despite noticing its consequences.
moontower.substack.com/p/the-coastl...
