@sharpetwo.bsky.social
The "Spot vs. Forward" Mismatch
Most traders look at the volatility surface and just see Backwardation (fear) or Contango (calm). But the real alpha comes from comparing Spot Volatility against Forward Volatility.
Most traders look at the volatility surface and just see Backwardation (fear) or Contango (calm). But the real alpha comes from comparing Spot Volatility against Forward Volatility.
February 12, 2026 at 6:30 PM
The "Spot vs. Forward" Mismatch
Most traders look at the volatility surface and just see Backwardation (fear) or Contango (calm). But the real alpha comes from comparing Spot Volatility against Forward Volatility.
Most traders look at the volatility surface and just see Backwardation (fear) or Contango (calm). But the real alpha comes from comparing Spot Volatility against Forward Volatility.
Stop saying you "rolled." You booked a loss and opened a new trade. Two decisions, not one. The roll is a story you tell yourself.
February 12, 2026 at 2:00 PM
Stop saying you "rolled." You booked a loss and opened a new trade. Two decisions, not one. The roll is a story you tell yourself.
Is Tech dead? The market thinks AI Agents are about to kill SaaS. We think the market is wrong.
February 11, 2026 at 6:00 PM
Is Tech dead? The market thinks AI Agents are about to kill SaaS. We think the market is wrong.
Everyone is rushing to buy insurance for a crash that hasn't happened. Here is how to profit from their fear.
February 11, 2026 at 2:30 PM
Everyone is rushing to buy insurance for a crash that hasn't happened. Here is how to profit from their fear.