The trading desk expertise you're missing.
You have the portfolio. You have conviction. What you don't have is someone who's seen 10,000 trades showing you what the numbers actually say about this one.
No products to sell. No bank inventory to push. Just options and risk expertise, delivered as artifacts you can audit.
Tools we built. Same standards.
We publish the same quality of work we deliver to clients. Try them.
Risks in Motion
Interactive options Greeks education built on live Black-Scholes math. 25 cinematic scenes.
The Tail Risk Hedging Guide
Comprehensive practitioner guide with AI-powered readiness assessment. Free.
Structured Notes Analyzer
See what you're actually long and short inside any autocallable. Independent decomposition with fee analysis. Coming soon.
See what's inside a structured note
Banks sell structured products with embedded complexity and fees that most investors never see. We break them apart so you can evaluate what you're actually buying.
Autocallable Yield Note
“Earn 12% p.a. on S&P 500 with a 70% barrier and quarterly autocall observation.”
- Coupon: 12% p.a., paid quarterly
- Barrier: 70% of initial level
- Maturity: 2 years (autocallable quarterly)
- Long zero-coupon bond
Issuer credit risk, ~96 cents on the dollar
- Short down-and-in put
You sold crash protection at the 70% strike
- Short call (autocall barrier)
Caps your upside, bank keeps gains above trigger
- Embedded issuer fees
2-5% built into the structure, invisible to you
What we've delivered.
Anonymized examples of actual client engagements.
Systematic tail hedge program design
For a family office managing a concentrated equity portfolio, we designed a systematic tail hedge program with defined budget rules and monetization triggers.
- 4 strategy variants backtested across market regimes
- Implementation specs and governance playbook
- Monitoring framework with drift alerts
Passive options-based systematic strategy
For an institutional investor, we designed a rules-based options strategy with defined risk parameters, position sizing, and rebalancing triggers.
- Strategy specification with entry/exit rules
- Backtest results across multiple market regimes
- Execution guidelines and operational checklist
Who we work with
Different situations, different needs. Find your starting point.
Family Offices
Your options desk without the headcount. Retainer or project-based.
RIAs & Advisors
Your clients are asking about hedging. Now you have an answer.
Asset Managers
Independent second opinion before you commit capital.
UHNW Individuals
The analysis a trading desk provides its best clients. Done for you.
What a trading desk does for its best clients. Done for you.
Trade analysis, risk programs, and ongoing advisory. Scoped to what you actually need.
Trade analysis
- What does this trade actually look like? What are the alternatives? What's the real cost?
- Greeks impact, scenario analysis, and execution guidance
Structured product review
- Your bank pitched you a note. We decompose what you're actually long and short.
- Fee analysis, payoff scenarios, and simpler alternatives if they exist.
Tail hedge programs
- Systematic downside protection with clear rules and a real budget
- Backtested across market regimes. Implementation specs and governance.
Ongoing advisory
- Your options desk on call. Trade reviews within 48 hours.
- Monthly risk snapshots, program drift checks, and decision review calls.
The gap between your broker and your advisor.
Your broker handles execution. Your advisor handles allocation. Neither one breaks down the trade structure and shows you what you're actually paying for. That's what we do.
- No financial products to sell. No bank inventory to push. Revenue comes from consulting, period.
- 12 years on exotic options desks at a tier-one investment bank. Not a certification. Not a textbook. The real thing.
- Deliverables in days, not weeks. AI-accelerated analysis with human review on every output.
How engagements work
Clear scope, clear deliverables, clear handoff. No surprises.
Scope
Define the question, constraints, and deliverables
Analyze
Run the models, scenarios, and backtests
Synthesize
Turn the numbers into clear analysis with tradeoffs laid out
Deliver
Memo, specs, and implementation guidance
Support
Ongoing monitoring or retainer as needed
Notes from the desk.
Practical thinking on risk, options, and hedging.
Your Real Balance Sheet: When "Diversified" Stops Feeling That Way
You discover that what felt like diversification was actually concentration in 'the economy is healthy.' When conditions change, the independence fades.
The Quiet Tax: Why Most Hedge Programs Die of Boredom
Most hedge programs don't fail during crashes. They fail during the two years before the crash, when everything is calm and the hedge looks like a line item that accomplishes nothing.
The Pain of Giving It Back
You made money. Then you watched it leave. That's not the same as never having made it. Your brain knows the difference.