Options Strategy Analysis

Comprehensive Study on Leveraging Early Bull Market Exposure

🎯 Core Research Question

"How do we find the smartest ways to press/lever exposure to early bull markets?"

— Collin Bird's Portfolio Management Question

🔍 Basic Strategy Comparison

Foundational analysis comparing pure equity, call options, call spreads, and synthetic positions for KWEB exposure.

  • Black-Scholes pricing model
  • Payoff diagrams and upside capture
  • Risk-return trade-offs
  • Capital efficiency analysis

📊 Interactive 3D Analysis 3D

Advanced interactive visualization using Plotly 3D surfaces to explore options pricing dynamics and strategy performance.

  • 3D volatility surfaces
  • Interactive payoff comparisons
  • Time decay visualization
  • Greeks sensitivity analysis

⚡ High IV Portfolio Enhancement ADVANCED

Sophisticated analysis exploring "free lunch" opportunities in high implied volatility environments through volatility premium capture.

  • Portfolio Sharpe optimization
  • Volatility premium strategies
  • Monte Carlo simulations
  • Correlation diversification

📈 Analytical Framework

Options Pricing

Black-Scholes model with realistic volatility assumptions and market parameters

Risk Metrics

Sharpe ratios, maximum drawdown, and volatility-adjusted returns

Simulation

Monte Carlo methods for portfolio performance under various market scenarios

Visualization

Interactive 3D surfaces and dynamic payoff comparisons using Plotly