Convexity, Options Trading, Volatility Trading, Moontower, Option Greeks.
approachable. In this post, we will learn: what it looks like common places to find it why you should care But first, let’s see what convexity isn’t. Linear P/L If you buy 1 share of stock for $50 and it goes up 5% you make $2.50. You make 5%. If it goes up 10% you make 10%. Your P/L is linear with