Patrick Boyle
Patrick Boyle
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Patrick Boyle is a podcast hosted by a hedge fund manager, university professor, and former investment banker. It covers quantitative finance, financial derivatives, corporate finance, and the statistical tools traders use. Episodes discuss current market developments and feature interviews with figures from the financial industry. Longer documentary-style episodes explore the history of financial markets. The show is independent and for entertainment purposes, not financial advice.
Епизоди
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The Mortgage Divide: Why America’s Housing Market Is Splitting in Two! 17.09.2026 24минAd: 🔒Remove your personal information from the web at https://joindeleteme.com/BOYLE and use code BOYLE for 20% offWhy are some homeowners thriving while others are struggling to keep up? In this video, we explore how America’s housing market has fractured—creating a sharp divide between those who locked in low mortgage rates and those buying today at much higher costs.We’ll unpack:The lock-in effect and its impact on geographic mobilityWhy millennials face deeper inequality within their own generationHow renters are absorbing the full brunt of housing inflationThe role of tariffs, interest rates, and investor behaviorInternational comparisons with the UK and ChinaWhy your mortgage might be the most important financial instrument you ownFrom sticky inflation to shifting migration patterns, this is the story of how housing finance is reshaping the American economy—and the lives of millions.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
What is Implied Volatility? Options Trading Tutorial. 17.09.2026 11минThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle Learn more about your ad choices. Visit megaphone.fm/adchoices -
The Option Greeks and Hedging - Revision Lecture 17.09.2026 56минThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle Learn more about your ad choices. Visit megaphone.fm/adchoices -
How Big Tech Is Quietly Taking Over AI (Without Mergers) 17.09.2026 28мин😎 Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleIn the race to dominate generative AI, Big Tech firms haven’t just been building, they’ve been buying. But there’s something strange about most of the deals that they have struck. Companies like Meta, Microsoft, Amazon, Google, and Nvidia are embedding themselves deep within the AI ecosystem through strategic investments, exclusive partnerships, and talent acquisitions- with deals that stop just short of formal takeovers, but the economic impact of these deals it turns out – is indistinguishable from full control.Drayton D'Silva Substack Article: https://enterprisevalue.substack.com/if-i-did-itPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Is AI Slop Killing the Internet? 17.09.2026 28минTello Mobile offers flexible & affordable phone plans with prices up to $25/month! Check out Tello using my link → https://tello.com/?utm_source=partner&utm_medium=cpc&utm_campaign=PatrickBoyle&src=partner&mdm=cpc&cmg=PatrickBoyleAI chatbots are replacing search engines—and in the process, they’re gutting the economics of journalism, reviews, and the open internet. In this video, we explore how tools like ChatGPT, Claude, and Google’s AI Overviews are intercepting audiences, scraping content without compensation, and threatening the viability of independent news and trusted information. From collapsing traffic to lawsuits and poisoned training data, this is a story about what happens when the web’s information economy starts to eat itself.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Videos Mentioned:@BennJordan Poisonify: https://www.youtube.com/watch?v=xMYm2d9bmEABenn Jordan on AI Cameras: https://www.youtube.com/watch?v=Pp9MwZkHiMQAngela Collier on Vibe Physics: https://www.youtube.com/watch?v=TMoz3gSXBcYMy Video on Blitzscaling: https://www.youtube.com/watch?v=p7Lo0sZfdHEWays To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
The Term Structure of Volatility and the Volatility Surface 17.09.2026 8минToday we will learn about the volatility Surface.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThe Volatility Surface ExplainedThe volatility surface is a three-dimensional plot of stock option implied volatility seen to exist due to discrepancies with how the market prices stock options and what stock option pricing models say that the correct prices should be. Of all the variables used in the Black-Scholes model, the only one that is not known with certainty is volatility. At the time of pricing, all of the other variables are clear and known, but volatility must be an estimate. The volatility surface is a three-dimensional plot where the x-axis is the time to maturity, the z-axis is the strike price, and the y-axis is the implied volatility.The volatility surface is made up of the volatility smile and the term structure of option volatility.The volatility surface trading Learn more about your ad choices. Visit megaphone.fm/adchoices -
New Meme Stocks Just Dropped! 17.09.2026 22мин👉 To learn for free on Brilliant, go to https://brilliant.org/patrick/. Brilliant’s also given our viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant.This summer, a bizarre new trend hit Wall Street: Chinese meme stocks. Promoted in WhatsApp groups, Reddit threads, and even under fake YouTube comments, these obscure Chinese companies soared — and then collapsed — wiping out billions in investor savings. In this video, we explore how Regencell Biosciences briefly reached a $38 billion valuation selling what looks suspiciously like curry ingredients as medicine, we try to understand why the FBI is calling it “ramp and dump” fraud, and how scammers are impersonating brokers, analysts, and even YouTubers to lure in victims.We’ll compare these knockoff meme stocks to America’s domestically produced meme stock madness — GameStop, AMC, and the DORK stocks — and ask: is this just low-quality IP theft, or a new frontier in financial absurdity?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
The Volatility Smile - Options Trading Lessons 17.09.2026 16минThe volatility smile is a real-life pattern that is observed when different strikes of option, with the same underlying and same expiration date are plotted on a graph.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoylePatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVolatility smiles are implied volatility patterns that arise in pricing financial options. It corresponds to finding one single parameter (implied volatility) that is needed to be modified for the Black-Scholes formula to fit market prices. In particular for a given expiration, options whose strike price differs substantially from the underlying asset's price command higher prices (and thus implied volatilities) than what is suggested by standard option pricing models. These options are said to be either deep in-the-money or out-of-the-money. Graphing implied volatilities against strike prices for a given expiry yields a skewed "smile" instead of the expected flat surface. The pattern differs across various markets. Equity options traded in American markets did not show a volatility smile before the Crash of 1987 but began showing one afterwards. It is believed that investor reassessments of the probabilities of fat-tail have led to higher prices for out-of-the-money options. This anomaly implies deficiencies in the standard Black-Scholes option pricing model which assumes constant volatility and log-normal distributions of underlying asset returns. Empirical asset returns distributions, however, tend to exhibit fat-tails (kurtosis) and skew. Modelling the volatility smile is an active area of research in quantitative finance, and better pricing models such as the stochastic volatility model partially address this issue. A related concept is that of term structure of volatility, which describes how (implied) volatility differs for related options with different maturities. We will be learning about that in tomorrows video. An implied volatility surface is a 3-D plot that plots volatility smile and term structure of volatility in a consolidated three-dimensional surface for all options on a given underlying asset. Learn more about your ad choices. Visit megaphone.fm/adchoices -
The Book That Wasn’t Supposed to Exist - Epstein's Birthday Book Released! 17.09.2026 40минGo to https://surfshark.com/boyle or use code BOYLE at checkout to get 4 extra months of Surfshark VPN!In 2003, Ghislaine Maxwell compiled a 238-page leather-bound book for Jeffrey Epstein — filled with letters, sketches, poems, and photos from billionaires, politicians, scientists, and celebrities. This book was never meant to be public. But now, thanks to the House Oversight Committee, it’s part of the public record — and it’s worse than anyone expected.We’ll also explore the deeper questions: Where did Epstein’s money come from? Why hasn’t the government followed the money? And what does this say about the two-tiered justice system in America?This scandal isn’t just about Epstein. It’s about the system that made him possible.Link to my original Epstein Video: https://youtu.be/CbJSgan4mfQPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
What are index options? What are currency options? 17.09.2026 14минIn todays video we will learn about options on foreign exchange and index options.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleOptions on Stock Indices - what are index options?A stock market index is a method of measuring the price movements of a basket of stocks in a market. Many indices are cited by the media and are used as benchmarks to measure the performance of portfolios such as mutual funds. Some are price indices and some are total return indices, meaning that they include reinvested dividends over time.There are a number of different index types. National indices represent the performance of the stock market of a given nation. Sector indices track the performance of specific industry sectors in the market. Ethical indices include only those companies that satisfy certain ecological, religious, or social criteria.Index options exist on broad-based indices like the S&P500 or the Russell 3000. They also exist on more narrowly based indices like mining indices or semiconductor indices. The global market for exchange-traded stock market index options is notionally valued by the Bank for International Settlements at hundreds of billions per year. When OTC options are added to that, you can see that it is a very large market indeed.An index option is a financial derivative that gives the holder the right, but not the obligation, to buy or sell a basket of stocks, such as the S&P500, at a pre-agreed price on a specified date. An index option is similar to other options contracts, the difference being the underlying instruments are indexes. Index options are typically cash settled.Uses of Index OptionsThere are two main reasons that investors will pursue index options.1. Portfolio insurance: Investors with large stock portfolios may wish to insure their downside risk by buying put options. 2. Speculation: Portfolio managers may wish to use index options to speculate on the direction of the overall market, or on the volatility of the overall market.Foreign Exchange Options - What are currency options?A foreign exchange option is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. European and American options on foreign exchange are actively traded on both exchanges and OTC. Companies frequently use them to hedge foreign exchange risk, and they are commonly used to speculate on the price and volatility of various foreign exchange pairs. The foreign exchange options market is mostly an OTC market. A GBP/USD foreign exchange call option, can also be viewed as being a USD/GBP put option, as they each give the option owner the right but not the obligation to exchange a certain amount of US dollars for British pounds at a pre-agreed exchange rate on a specified date. The Black-Scholes model can be modified to price options on foreign exchange. The modified Black-Scholes model was developed in 1983 by Garman and Kohlhagen and is known as the Garman-Kohlhagen model. It is a modification of the Black-Scholes model which accounts for the different interest rates of each currency.You can think of options on currencies as being an options position with an annual percentage dividend embedded in the form of the foreign currencies’ risk-free rate. Learn more about your ad choices. Visit megaphone.fm/adchoices -
Are the Rich Really Leaving Britain? 17.09.2026 29минAd: 🔒Remove your personal information from the web at https://joindeleteme.com/BOYLE and use code BOYLE for 20% offAre Britain’s millionaires really fleeing the country—or is the “exodus” just a statistical mirage?This video digs into the numbers behind the headlines, from the much-quoted Henley & Partners migration report to the real impact of the UK’s non-dom reforms. We’ll look at what’s actually driving high earners to consider leaving, how tax policy shapes behavior, and why trust in government and value for money matter just as much as the top rate.Along the way, we’ll separate myth from reality, compare the UK’s approach to countries like Sweden and Switzerland, and ask what history can teach us about taxing globally mobile wealth.If you want to understand the real story behind the millionaire migration debate—and what it means for Britain’s future—watch now.Further reading:Tax Policy Associates - Why the rich paid less tax in the 1970s – despite 98% tax rates: https://taxpolicy.org.uk/2025/05/08/tax-rich-1970s-loopholes/Tax Policy Associates - Are Henley & Partners’ millionaire‑migration reports fabricated?: https://taxpolicy.org.uk/2025/07/27/henley-partners-millionaire-migration-report-analysis/Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Volatility Arbitrage - How does it work? - Options Trading Lessons 17.09.2026 16минWhat is Volatility Arbitrage?Volatility arbitrage is a trading strategy that attempts to profit from the difference between the forecasted price-volatility of an asset, like a stock, and the implied volatility of options on that asset.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleHow does Volatility Arbitrage Work?The price of an option is driven by the volatility of the underlying asset. If the forecasted and implied volatilities differ, there will be a discrepancy between the expected price of the option and its actual market price.A volatility arbitrage strategy can be implemented through a delta-neutral portfolio consisting of an option and its underlying asset. For example, if a trader thought a stock option was underpriced because implied volatility was too low, they may buy a call option and combine that with a short position in the underlying stock to profit from that forecast. If the price of the stock doesn't move, but the implied volatility used to price that option rises, then the price of the option will rise. Even if this does not get recognized by the market, but the stock realizes higher volatility than was implied in the initial price, the trading strategy explained in the video will generate a profit for the trader.Alternatively, if the trader believes that implied volatility is too high and will fall, then they may decide to take a long position in the stock and a short position in a put option. Assuming the stock's price doesn't move, the trader may profit as the option falls in value with a decline in implied volatility.There are several assumptions a trader must make, which will increase the complexity of a volatility arbitrage strategy. First, the investor must be right about whether implied volatility really is over- or underpriced. Second, the investor must be correct about the amount of time it will take for the strategy to profit or time value erosion could outpace any potential gains. Finally, if the price of the underlying stock moves more quickly than expected the strategy will have to be adjusted, which may be expensive or impossible depending on market conditions. Learn more about your ad choices. Visit megaphone.fm/adchoices -
The End of Legal Immigration? 17.09.2026 30мин🌟Go to http://covepure.com/patrick to get $200 off.Is America Closing the Door on Global Talent?Donald Trump’s new $100,000 fee on H-1B visa applications has sent shockwaves through the tech industry, universities, and foreign governments. In this video, we unpack the legal, economic, and political fallout — from panics at airports to diplomatic blowback, from the Hyundai factory raid to the eerie silence of Silicon Valley CEOs. Is this the end of skilled immigration as we know it? Or just another chapter in America’s long-running immigration drama?We’ll explore:What the H-1B visa is and why it mattersHow the fee could reshape tech hiring, university admissions, and global talent flowsThe legal challenges ahead and the industrial policy contradictionsWhy CEOs are staying quiet — and what that silence saysThe growing divide between MAGA populism and tech elite pragmatismPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Volatility Trading - Call and Put Options - Trading Tutorial 17.09.2026 20минThese classes are all based on the book Derivatives For The Trading Floor, available on Amazon at this link. https://amzn.to/3GdLi2s Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is volatility trading?Volatility trading is the term used to describe trading the volatility of the price of an underlying instrument rather than the price itself. For example, you could trade the price direction of an equity index, but volatility trading typically means trading the expected future volatility of the index. Any instrument whose price moves, exhibits price volatility. Volatility trading is simply buying and selling the expected future volatility of the instrument. Rather than predicting whether the price of an asset will move up or down, volatility traders are concerned with how much movement, in any direction, will occur.How is volatility traded?The most common way to trade volatility is using options. The value of an option is affected by several factors, but an essential determinant of its value is the expected future volatility of the underlying instrument, which is included in the pricing formulas as standard deviation. Other things being equal, options struck on an underlying with higher expected volatility will be more expensive than options struck on an underlying expected to be less volatile. Options therefore are a good way to gain exposure to the volatility of the underlying.The price of volatilityThe value of an option can be attributed to several components. By stripping these away, traders can imply an annualised volatility level that the option’s tick value equates to. This is known as the implied volatility. So an equity index may be trading at a certain price and it may have exhibited a certain realized level of volatility over the previous 12 months. Traders can compare this realized level of volatility with the current implied level as seen in the option market. However, there is a crucial difference here; the implied volatility level refers to the annualized volatility that is expected over the life of the option. In other words, it is forward looking and reflects traders’ current best estimate of what future realized volatility will be. Learn more about your ad choices. Visit megaphone.fm/adchoices -
AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets! 17.09.2026 26минGet an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleTwo companies collapsed last month. One sold used cars, the other distributed brake pads and spark plugs. Both issued debt rated AAA. Now their bonds are trading at cents on the dollar—and Wall Street is pretending not to notice.In this video, we dig into down the bankruptcies of Tricolor Holdings and First Brands Group to understand what they reveal about private credit, and why supposedly safe securities are starting to look a lot less safe. We’ll look at hidden leverage, double-pledged collateral, shadow banking, and the growing disconnect between risk and reward in today’s credit markets.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Dynamic Hedging (Part 2) 17.09.2026 8минThe second part of my tutorial on dynamic hedging.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Dynamic Hedging?A hedging technique which seeks to limit an investment's exposure to delta and gamma by adjusting the hedge as the underlying security changes (hence, "dynamic"). The strategy is frequently used by financial professionals working with derivatives. Derivatives dealers often find that they hold large numbers of short options positions on an underlier which they want to offset by purchasing long options, but that they cannot find long options because these types of options are not as available. To reduce exposure the trader will create a delta hedge of a non-linear position, such as an exotic option, with a linear position, such as a spot trade.The deltas of the linear and non-linear positions offset. As the value of the underlying changes the trader will have to take out new linear positions to offset the changing non-linear delta. Learn more about your ad choices. Visit megaphone.fm/adchoices -
The Chainsaw Stalls: Can Milei Cut Through Argentina’s Currency Collapse? 17.09.2026 20минGo to ➞ https://surfshark.com/boyle or use code BOYLE at checkout to get 4 extra months of Surfshark VPN!Argentina’s economy is in crisis—again. President Javier Milei’s reforms slashed inflation and balanced the budget, but now the peso is under siege. In this video, we unpack the $20 billion U.S. bailout, the speculative pressure on Argentina’s currency, and the political risks ahead of the October 26 midterms.We’ll look at:Why the U.S. Treasury is buying pesos for the first time in decadesHow Milei’s fixed-but-adjustable exchange rate is draining reservesThe geopolitical angle: China, soybeans, and Washington’s strategic betWhat history tells us about defending overvalued currenciesWhether Milei’s reform agenda can survive—or if the chainsaw has stalledPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Dynamic Hedging of Options - Option Trading Strategies 17.09.2026 8минThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Dynamic Hedging?A hedging technique which seeks to limit an investment's exposure to delta and gamma by adjusting the hedge as the underlying security changes (hence, "dynamic"). The strategy is frequently used by financial professionals working with derivatives. Derivatives dealers often find that they hold large numbers of short options positions on an underlier which they want to offset by purchasing long options, but that they cannot find long options because these types of options are not as available. To reduce exposure the trader will create a delta hedge of a non-linear position, such as an exotic option, with a linear position, such as a spot trade.The deltas of the linear and non-linear positions offset. As the value of the underlying changes the trader will have to take out new linear positions to offset the changing non-linear delta.Watch this video to the end to win a free book Learn more about your ad choices. Visit megaphone.fm/adchoices -
Private Equity’s Quiet Crisis! 17.09.2026 28мин⚡️ Build something with Lovable ➡️➡️https://lovable.link/patrickboylePrivate equity has long promised smooth returns, operational excellence, and sophisticated diversification. But behind the pitch decks and performance charts lies a growing crisis. In this video, we explore:🔹 Why private equity firms are struggling to exit investments🔹 The illusion of stability created by stale pricing🔹 The role of leverage in driving returns — and fragility🔹 The push into 401(k)s and what it means for retail investors🔹 The rise of continuation funds, NAV loans, and other liquidity maneuvers🔹 The social and regulatory backlash against PE roll-up strategies🔹 What Bain, Buffett, and Cliff Asness really think about the modelFrom inflated IRRs to collapsing portfolio companies, the cracks are starting to show. Is private equity still a smart bet — or just a sophisticated shell game?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices -
Creating Neutral Portfolios - The Option Greeks 17.09.2026 7минThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThe option sensitivity measures familiar to most option traders are often referred to as the Greeks: delta, gamma, vega, lambda, rho, and theta. Delta is the price sensitivity of an option with respect to changes in the price of the underlying asset. It represents a first-order sensitivity measure analogous to duration in fixed income markets. Gamma is the sensitivity of an option's delta to changes in the price of the underlying asset, and represents a second-order price sensitivity analogous to convexity in fixed income markets. Vega is the price sensitivity of an option with respect to changes in the volatility of the underlying asset. See Pricing and Analyzing Equity Derivatives or the Glossary for other definitions. The Greeks of a particular option are a function of the model used to price the option. However, given enough different options to work with, a trader can construct a portfolio with any desired values for its greeks. For example, to insulate the value of an option portfolio from small changes in the price of the underlying asset, one trader might construct an option portfolio whose delta is zero. Such a portfolio is then said to be “delta neutral.” Another trader may want to protect an option portfolio from larger changes in the price of the underlying asset, and so might construct a portfolio whose delta and gamma are both zero. Such a portfolio is both delta and gamma neutral. A third trader may want to construct a portfolio insulated from small changes in the volatility of the underlying asset in addition to delta and gamma neutrality. Such a portfolio is then delta, gamma, and vega neutral. Learn more about your ad choices. Visit megaphone.fm/adchoices
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