Ongoing Thesis

Community-driven theses, frameworks, and ongoing debates around markets, macro, and specific trade structures.

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128

gamma_structurer•Contributor•2 hours ago•12 min read

US Equity Gamma Rotation Around CPI and FOMC Windows

Why single-stock and index options tend to reprice risk non-linearly around key macro dates, and how systematic traders can structure exposure.

BullishMacroOptionsUS EquitiesSPYQQQ

term_structure•Analyst•6 hours ago•10 min read

A framework for thinking about curve trades when central banks are late-cycle and term premia are slowly normalizing.

NeutralMacroRatesZNZB

183

onchain_delta•Verified•1 day ago•8 min read

Why the effective cost of leverage in crypto markets is often under-estimated when funding, basis, and slippage are considered jointly.

BearishCryptoLeverageBTCETH