Long-form research on how options actually trade

Weekly articles, a weekly podcast, and a growing library of videos on options mechanics, market structure, and dealer positioning — every claim backed by a backtest.

Why we write, record, and film

Options markets have changed more in the last five years than in the thirty before them. 0DTE flow dominates intraday tape. Dealer positioning drives pinning behavior that would have been invisible a decade ago. Retail and institutional volume sit side by side on the same chain and push in opposite directions. Most writing about options hasn't caught up to any of it, which leaves an opening to say useful things.

Every post in the research library starts from a question a reader or trader actually asked — why do 0DTE short strangles blow up on Fed days, why does SPY pin to round strikes in the last 30 minutes, what happens to a short put book through an earnings gap. We pair the question with a backtest that either confirms or kills the hypothesis, and publish the findings with the data attached.

The podcast and video series are for deeper dives — interviews with traders running specific setups, walkthroughs of live sessions, and long-form teardowns of market events. Each episode links back to the written research so you can read the transcript, re-run the analysis, and comment below.

Weekly publishing

A new long-form post lands every Tuesday and a new podcast episode every Friday.

Tiered access

Free readers get one post a week. Pro unlocks the full archive. Enterprise adds the raw data.

Backed by backtests

Every claim that can be tested is tested. If the data disagrees, we publish the data.

Comment threads

Discussion is on by default. The best reader comments often turn into the next article.

Podcast

Weekly conversations with traders, quants, and market-structure nerds — 40 minutes, no fluff.

Video library

Live-session recaps, chart teardowns, and monthly market-structure deep dives.

A look inside

A sample of recent long-form research, each with its read time and the tier required to access it.

Recent research
TitleCategoryRead TimeTier
Why 0DTE changed SPY intraday behaviorMarket structure14 minFree
The dealer positioning flip nobody is talking aboutMarket structure11 minPro
A 5-year audit of short-strangle drawdownsBacktest audit17 minPro
Why theta decay accelerates in the last 21 DTEOptions mechanics9 minFree
What the VIX term structure says before a selloffStrategy deep-dive13 minPro

Read what the desk is reading

Research is included on every paid tier. Free 14-day trial to open the archive.

Start free trial