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SPX0DTEdiversification
Uncorrelated Options Strategies: The Only Free Lunch
Uncorrelated options strategies cut portfolio risk without cutting return. We measured 78 correlation pairs across a 13-strategy SPX 0DTE book.
41 min read
Topic Hub
Portfolio Construction & Risk Metrics
Performance numbers without risk context are noise. These articles cover the metrics we use to evaluate options portfolios — Sharpe, Sortino, Calmar, MAR, drawdown statistics — and how portfolio construction changes them.
Risk MetricsSharpeSortino
Sharpe Ratio for Options Strategies: Why Sellers Need More
The Sharpe ratio overstates options strategy quality on negatively skewed returns. What Sortino, Calmar, MAR, and WMAR capture instead — formulas included.
18 min read