Delta changes as spot moves, implied volatility (IV) changes and time passes. Gamma, vanna and charm describe those three effects. Looking at them together explains why a short OTM put can gain less delta on a falling market than gamma alone suggests.
[Read More]"The noblest pleasure is the joy of understanding" - Leonardo Da Vinci
"If you can't explain it simply, you don't understand it well enough" - Albert Einstein
Financial Instruments
Explained with one bushel of wheat
Financial markets can easily feel abstract and overwhelming when explained through textbook formulas and Wall Street jargon. To make these mechanisms tangible, I gave a presentation at Iconic Club Afaceri.ro in Iași breaking down the foundational financial instruments using a single, intuitive commodity: one bushel of wheat.
[Read More]AI Tools Pricing Comparison
AI
This document provides a comprehensive comparison of pricing plans across AI coding agents, IDEs, and coding APIs that I frequently use.
[Read More]Understanding Digital Certificates
Cryptography
A digital certificate, specifically an X.509 digital certificate, is a standardized electronic document that binds a public key to an identity. It's like a digital ID card, issued and signed by a trusted third party, the Certificate Authority (CA), to verify the authenticity of a public key.
[Read More]ATM Implied Volatility for Constant Maturity Term Structure
Trading
A primer to Implied Volatility, Constant Maturity, Term Structure. Enjoy the presentation!
Warning: Prior options trading knowledge is needed! if you do not know how payoff diagram for a CALL option looks like then these slides are not for you.
[Read More]OneRidge: Southern Carpathians
Trekking
The Southern Carpathians (also known as the Transylvanian Alps) extend approximately 300km from the Prahova Valley in the east to the Iron Gates in the west, forming the highest and most rugged section of Romania's Carpathian chain.
[Read More]Bonds summary
Trading
The bond market uses several important rate/date/price concepts that investors need to understand. Here's an explanation of the most significant ones.
[Read More]OneRidge: Western Carpathians
Trekking
The Western Carpathians (Apuseni Mountains) form a distinct mountain group in northwestern Romania, separated from the main Carpathian chain by the Transylvanian Plateau.
[Read More]Unit Testing Elixir
Elixir
Tips & tricks for testing Elixir applications… there are tons of libraries for testing, each one with different syntactic sugar, runtime (sync vs. async) and implementation details but all we need for unit testing are these 3: ExUnit, Hammox and Mimic.
[Read More]OneRidge: Eastern Carpathians
Trekking
The Eastern Carpathians stretch approximately 600km through northeastern Romania, running through the historical regions of Maramures, Bukovina, and Moldova.
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