Years worth of option education in under 90 minutes

The podcast features a single speaker who explains option modeling using a spreadsheet tool he created. He begins by demonstrating how to pull stock data into the spreadsheet using Microsoft's stock feature, then delves into the construction of a basic option model, focusing on skew modeling and volatility curves. The speaker explains how to set up a volatility curve using grid points and standard deviations, and how to fit a spline through these points to price options. He discusses the impact of skew parameters on option prices and implied distributions, using examples from oil trading and bubble distributions. The speaker also touches on the importance of understanding option structures, like butterflies and condors, for managing risk and dissecting complex portfolios, and shares personal anecdotes from his trading experience to illustrate key concepts.