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Insights

Notes from the risk surface. Research on tail hedging, scenario design, and options markets.

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Topics in progress

Tail Hedging

The hidden cost of 'always-on' crash insurance

Tail Hedging

When monetization rules matter more than strike selection

Scenario Design

Scenario libraries: why '2008 again' isn't a plan

Market Structure

Skew as a sentiment indicator (and when it lies)

Tail Hedging

A governance checklist for options overlays