Cassandra Unchained to the Options Market
+90% of people don’t know how to pull repeatable realized gains from the market day after day/week after week/month after month.
They depend on grand slams.
I had assumed people were making a killing selling options all day yet I realized very few can even do that.
And sure—if you’re managing your own book and monetizing your R&D, swinging for occasional home runs can look rational.
But consider the alternative: if you’re world-renowned and you’re sitting on the real grail, it’s not another “big call.” It’s something rarer than the tail event you got famous for:
the ability to produce repeatable realized gains that can rival—or exceed—earnings of companies.
That requires an exceptional skill set, because what you’re really trying to do is smooth the stock market’s stochastic behavior into a cashflow stream—the kind of steadiness people associate with mid or large companies, not with trading.
That’s why variance collapse is so powerful.
It compresses randomness into execution.
It converts volatility into realized gains.


