Tim

Taiwan Guide for Night Owls

  • Tim 
  • Travel
Ready to explore Taiwan? If you’re a night owl, this article is very suitable for you since I’m a night owl as well, principally because of my beloved one. I’m a local Taiwanese who’ve lived in Taiwan for more than 26 years. Usually, I’m active at night all the way until even 5 am in the morning. I went out with my girlfriend or friends for fun, drinks, walking around etc mostly in Taipei. That’s why I want to share this article for you. This article focuses on Taipei, which is the capital of Taiwan, and for night owls, is structured as follows: night market, bars, nightclubs, temples, parks, landscapes, restaurants, motels, and hot springs.

Dissecting Decaying Time Value of Options with respect to Market States of the Underlying Assets

This thesis proposes a different methodology to measure the speed with which an option’s time value approaches zero as the time to maturity T vanishes other than the Greek letter theta: the slope of a fourth-order polynomial fitted line implied from a term decay plot which plots the log of option price against the log of time to maturity. I hypothesize that when the market state of the underlying asset of options is bullish, the time value of put options decreases faster whereas when the market state of the underlying asset of options is bearish, the time value of call options decreases faster. Three methodologies are used to proxy for the market states of the underlying asset of options including past returns of the underlying asset price, Bry Boschan dating algorithm to classify the market into bull or bear, and Bollinger Bands to classify the market into bull, bear, or mean-reversion. We find international evidence that the hypothesis holds for the index options across countries including Taiwan, Hong Kong, South Korea, Japan, and Malaysia. The empirical results have huge implication for options trading and hedging in that they can construct better trading or hedging strategies by taking advantage of these findings.

Yilan Guide for Night Owls

  • Tim 
  • Travel
Night owls are active usually from 6 pm until midnight, sometimes even after midnight until 2 or 3 am. But They are sometimes active in the daytime like normal people. This article shows what you can do in Yilan, Taiwan for night owls.

What I Learned from Investing

Since 2012, I started my passion for investing and began trading for stocks, options, CFDs (forex) and automatic trading. I implemented some strategies like value investing, Turtle Trader, options (spread, sell side) and automatic trading via MQL4. Here I wanna share what I learned from the journey of investing.