Option pricing, or insurance, is a relative value product. For instance, a $300 annual premium for $1 million of life insurance coverage...

When observing option pricing, we should always remember that premiums, while certainly linked to reality, are somewhat of an imperfect...

"Trade what you see, and hedge what you don't." Words to the wise. The regional bank fiasco is an example of an out-of-left-field unknown...

When Jamie Dimon was saying the bank rout was over, you know what wasn't agreeing with him? Option pricing. In the options world we are...

Of the old trading floor sayings, I always liked "when ducks quack, feed 'em". That meant, when the buyers are aggressively buying stock,...

I started my career way back when (shhhh) on the old exchange open-outcry floor (think Trading Places) as one of the youngest options...

Are options too expensive most of the time? Generally speaking the answer is YES. Why? Partially because there is a buying-side bias to...

Is the VIX cheap at 19? 10 day historical volatility is close to 10, the lowest in a year. What does that mean? Think of VIX as the cost...

A lot of folks have asked about the market charging higher despite the regional banking crisis. But isn't that the stock market for ya?...