| Edge and Expectancy for Premium Sellers |
00-foundations/ |
stable |
The Option Trader's Hedge Fund — Ch 1, The Insurance Business, The Option Trader's Hedge Fund — Ch 2, Trade Selection (underwriting), Option Volatility and Pricing — Volatility topic, Trading Option Greeks — Volatility Selling topic |
| Option Mechanics — Contracts, Exercise, and Product Differences |
00-foundations/ |
stable |
Trading Option Greeks — Ch 1, The Basics, Hull — Options Basics (contract specs, early exercise), The Option Trader's Hedge Fund — Greeks (SPX/SPY sizing) |
| Payoffs, Put-Call Parity, and Synthetics |
00-foundations/ |
stable |
Trading Option Greeks — Ch 6, Put-Call Parity, Hull — Options Basics (parity, spreads, combinations), Trading Option Greeks — Ch 1, at-expiration diagrams |
| The TOMIC Insurance Model |
00-foundations/ |
stable |
The Option Trader's Hedge Fund — TOMIC Framework topic, The Option Trader's Hedge Fund — Ch 1, The Insurance Business, The Option Trader's Hedge Fund — Ch 3, Risk Management |
| Binomial Tree Pricing Model |
10-pricing-greeks/ |
stable |
Hull — Binomial Trees topic, Hull — Black–Scholes–Merton topic |
| Black–Scholes–Merton Model |
10-pricing-greeks/ |
stable |
Hull — Black–Scholes–Merton topic, Natenberg — Volatility topic, Passarelli — Understanding Volatility |
| Delta and Gamma |
10-pricing-greeks/ |
stable |
Passarelli — Delta topic, Passarelli — Gamma topic, Chen & Sebastian — The Greeks topic |
| Greeks Weighting Across Products |
10-pricing-greeks/ |
stable |
Chen & Sebastian — The Greeks topic (delta/gamma weighting), Passarelli — Delta topic (position greeks) |
| Theta, Vega, and Rho |
10-pricing-greeks/ |
stable |
Passarelli — Theta topic, Passarelli — Vega topic, Passarelli — Rho topic |
| Implied vs. Historical Volatility |
20-volatility/ |
stable |
Option Volatility & Pricing — Volatility (topics), Trading Option Greeks — Volatility (topics), Trading Option Greeks — Volatility Charts (topics) |
| Skew and Term Structure |
20-volatility/ |
stable |
Option Volatility & Pricing — Volatility (topics), Trading Option Greeks — Volatility (topics), Trading Option Greeks — Volatility Charts (topics) |
| Vol-of-Vol |
20-volatility/ |
draft |
cboe-vvix |
| Vol Trading P&L — Where the Money Actually Comes From |
20-volatility/ |
stable |
Option Volatility & Pricing — Volatility (topics), Option Volatility & Pricing — Hedging with Options (topics), Trading Option Greeks — Delta-Neutral Trading (topics) |
| 0DTE Structures |
30-strategies/ |
draft |
Trading Option Greeks — Spreads (baseline spread mechanics), The Option Trader's Hedge Fund — Strategies (30-60 DTE baseline), cboe-0dte, staunton-0dte |
| Butterflies |
30-strategies/ |
stable |
The Option Trader's Hedge Fund — Strategies, Option Volatility & Pricing — Spreads, Trading Option Greeks — Spreads |
| Calendars and Diagonals |
30-strategies/ |
stable |
The Option Trader's Hedge Fund — Strategies, Trading Option Greeks — Spreads, Option Volatility & Pricing — Spreads |
| Gamma Scalping |
30-strategies/ |
stable |
Trading Option Greeks — Delta-Neutral Trading, Option Volatility & Pricing — Spreads, Option Volatility & Pricing — Hedging |
| Iron Condor |
30-strategies/ |
stable |
The Option Trader's Hedge Fund — Strategies, Option Volatility & Pricing — Spreads, Trading Option Greeks — Spreads |
| Ratio Spreads |
30-strategies/ |
stable |
The Option Trader's Hedge Fund — Strategies, Trading Option Greeks — Spreads, Option Volatility & Pricing — Spreads |
| Vertical Spreads |
30-strategies/ |
stable |
The Option Trader's Hedge Fund — Strategies, Trading Option Greeks — Spreads, Option Volatility & Pricing — Spreads |
| 2018 Volmageddon (February 5, 2018) |
40-risk-management/ |
draft |
TOMIC — Risk Management topic, Natenberg — Hedging with Options topic |
| 2020 COVID Crash (February–March 2020) |
40-risk-management/ |
draft |
TOMIC — Risk Management topic, Hull — Value at Risk topic |
| August 5, 2024 VIX Spike (Yen Carry Unwind) |
40-risk-management/ |
draft |
TOMIC — Risk Management topic, Natenberg — Hedging with Options topic |
| Diversification and Correlation |
40-risk-management/ |
stable |
TOMIC — Risk Management topic, Hull — Value at Risk topic, Natenberg — Hedging with Options topic, The Option Trader's Hedge Fund — Trading Plan topic |
| Position Sizing |
40-risk-management/ |
stable |
TOMIC — Risk Management topic, TOMIC — Trading Plan topic, TOMIC — Trading Infrastructure topic |
| Tail Risk Principles |
40-risk-management/ |
stable |
TOMIC — Risk Management topic, Natenberg — Hedging with Options topic, Hull — Value at Risk topic |
| VaR and Margin |
40-risk-management/ |
stable |
Hull — Value at Risk topic, TOMIC — Trading Infrastructure topic, TOMIC — Risk Management topic |
| The 0DTE Complex |
50-modern-market/ |
draft |
The Option Trader's Hedge Fund — The Greeks, Trading Option Greeks — Gamma, Option Volatility and Pricing — Hedging, cboe |
| Dispersion and Correlation |
50-modern-market/ |
draft |
Options, Futures and Other Derivatives — Volatility Smiles, Option Volatility and Pricing — Volatility, The Option Trader's Hedge Fund — Volatility |
| Options Microstructure Since 2012 |
50-modern-market/ |
draft |
The Option Trader's Hedge Fund — Trading Infrastructure, The Option Trader's Hedge Fund — Trade Execution |
| VIX ETP Flows |
50-modern-market/ |
draft |
The Option Trader's Hedge Fund — Volatility, Option Volatility and Pricing — Volatility, cheng-madhavan |
| Market Regime Definition for Options Systems |
60-regimes/ |
draft |
The Option Trader's Hedge Fund — Volatility (five stages of skew, calm/typhoon states), Option Volatility and Pricing — Volatility (forecasting, mean reversion, volatility premium), Trading Option Greeks — Volatility Charts (tracking IV level and term structure over time), Trading Option Greeks — Volatility Selling (conditions that favor premium selling), taylor-boucher |
| Regime-Dependent Delta Exposure |
60-regimes/ |
draft |
The Option Trader's Hedge Fund — Risk Management (TOMIC's market-risk hedges and framework), The Option Trader's Hedge Fund — Strategies (TOMIC structure selection by conditions), The Option Trader's Hedge Fund — Greeks (portfolio-level delta/vega/gamma management), Trading Option Greeks — Delta-Neutral Trading (delta as a chosen exposure, gamma/theta tradeoff), Trading Option Greeks — Volatility Selling (conditions under which short premium is appropriate), Option Volatility and Pricing — Spreads (structure tradeoffs, ratio and backspread behavior), vix-meltup |
| Regime Detection Methods |
60-regimes/ |
draft |
hamilton, bocpd, page, Options, Futures and Other Derivatives — Value at Risk (estimating vol from historical data, EWMA/GARCH), Option Volatility and Pricing — Volatility (forecasting, mean reversion), The Option Trader's Hedge Fund — Infrastructure (operational discipline for a rules-based desk) |
| Backtest Discipline |
70-ml-ai/ |
draft |
Chen & Sebastian — trading plan, Chen & Sebastian — risk management, Chen & Sebastian — learning / journaling |
| LLM Agent Roles |
70-ml-ai/ |
draft |
Options System Wiki — charter and conventions (EV contract, news-intake policy), Chen & Sebastian — infrastructure, Chen & Sebastian — learning / journaling |
| ML for Volatility Prediction |
70-ml-ai/ |
draft |
Chen & Sebastian — volatility (skew, term structure, supply/demand), Natenberg — volatility dynamics, Hull — volatility smiles, Chen & Sebastian — infrastructure |
| Volatility Forecasting Baselines |
70-ml-ai/ |
draft |
Hull — EWMA and GARCH(1,1) volatility updating, Hull — volatility smiles and GARCH-based term structure, Chen & Sebastian — volatility (IV dimensions, mean reversion), Natenberg — volatility forecasting fundamentals |
| Automation Architecture (Hermes Loop) |
80-system-design/ |
draft |
Open Knowledge Format v0.2 specification (EV contract, attested computations), TOMIC — The Trading Plan (checklists as control surface) |
| Data Infrastructure |
80-system-design/ |
draft |
TOMIC — Trading Infrastructure (books-era requirements), thetadata-docs, tiingo-docs, pyvollib, pyvollib-vectorized |
| EV Contract (Operational) |
80-system-design/ |
draft |
Open Knowledge Format v0.2 specification (EV contract, §10 attested computations), TOMIC — The Trading Plan |
| Trading Plan (System Skeleton) |
80-system-design/ |
draft |
TOMIC — The Trading Plan (synthesized topic), TOMIC — Learning Processes (journal, feedback), TOMIC — Trading Infrastructure |
| EV — Butterfly |
85-computations/ |
draft |
The Option Trader's Hedge Fund — ATM iron butterfly setup, Options, Futures and Other Derivatives — volatility smiles |
| EV — Calendar / Diagonal |
85-computations/ |
draft |
The Option Trader's Hedge Fund — long calendar conditions, Trading Option Greeks — calendar/diagonal family |
| EV — Iron Condor |
85-computations/ |
draft |
The Option Trader's Hedge Fund — iron condor setup and goals, Option Volatility and Pricing — volatility selling |
| EV — Vertical Credit Spread |
85-computations/ |
draft |
The Option Trader's Hedge Fund — strategies cheat sheet, Trading Option Greeks — spread families |
| Framework Function 2 — Decision: From Market Read to Attested Proposals |
88-framework/ |
draft |
Framework charter, The EV contract, Regime-dependent delta exposure |
| TOMIC 2.0 — The Regime-Aware Underwriting Framework |
88-framework/ |
draft |
Foundations — the TOMIC insurance model, The Option Trader's Hedge Fund — Trading Plan, Regimes — regime-dependent delta exposure, System design — the EV contract |
| Framework Function 1 — Intelligence: Focus, Digest, Analyze |
88-framework/ |
draft |
The Option Trader's Hedge Fund — trade selection / event awareness, Framework charter, Inbox intake convention |
| Framework Function 4 — Learning: Accumulation, Resolution, and Rule Amendment |
88-framework/ |
draft |
The Option Trader's Hedge Fund — Learning Processes, Framework charter, Backtest discipline |
| Framework Function 5 — Operating Rhythm: The Daily Cycle and Its Automation Tiers |
88-framework/ |
draft |
Framework charter, Automation architecture (implementation view), Data infrastructure and constraints |
| Framework Function 3 — Risk: The Never-Rules and the Posture Rules |
88-framework/ |
draft |
The Option Trader's Hedge Fund — Risk Management, Regime-dependent delta exposure, Tail-risk principles |
| Brainstorm Workflow — News to Attested-EV Strategy Hypothesis |
90-playbooks/ |
stable |
Options System Wiki — Synthesis Layer Charter and Conventions |
| CPI Friday 9/11 — Sept Fed hike odds above 60%, hot nowcast |
95-inbox/ |
draft |
forbes-fed, fool-cpi |
| SPX −0.58% Tue on software/AI worries; Mideast hostilities lift oil |
95-inbox/ |
draft |
bt-spx, fred-spx |
| Source Intake Convention — 95-inbox |
95-inbox/ |
stable |
Options System Wiki — Synthesis Layer Charter and Conventions |
| 2026-09-09 — V0 Dress Rehearsal Day |
96-journal/ |
draft |
Operating rhythm |
| 96-journal — The Accumulators: Regime, Decision, and Outcome Logs |
96-journal/ |
draft |
Framework learning function |