And yet it moves

The aim of this article is to explain the main idea behind the concept of volatility arbitrage by using Delta neutral portfolios composed by a combined position in a derivative instrument sensible to changes in (expected) volatility of the underlying, in our case an option contract, and in the underlying itself, in our case a […]

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An Italian Revenge

Davide Campari – Milano S.p.a., an iconic Italian beverage brand, had traced its origin and fortune in a common daily act widely spreads in Italy, well-known as aperitif. The Group was founded in 1860 and nowadays is the world sixth-largest player in the premium spirits industry. During the early ‘90s, the rapid consolidation of the […]

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The 13th five-year plan: an overview

 “Every five years in China, man They make a new development plan The time has come for number 13 The “十三五” (shisanwu), That’s what it means” This is the refrain of a propaganda video song (https://www.youtube.com/watch?v=m91zBt94Ll0).   It’s weird I can assure you, and it is intended for English speakers, in order to explain how a […]

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