Market notes

Articles

Trading notes, product thinking, and market structure breakdowns from BackQuant.

Options Greeks: A Simple Introduction

A foundational guide to understanding how options prices respond to price, time, and volatility, without getting lost in complexity. This is not a comprehensive guide on how different Greeks interact.

Jan 2, 2026

13 min read

Psychology in Trading

A systems-based approach to trading psychology, including position sizing, discipline, backtesting, game theory, and statistical consistency.

Dec 21, 2025

12 min read

Derivative Data Essentials: Part 2

Derivatives Data Essentials: Part 2. Covering Liquidations, Volume Delta, Long-Short Ratio & Taker Buy Sell.

Dec 8, 2025

11 min read

Derivative Data Essentials

Introduction to Open Interest, Cumulative Volume Delta, Funding, and Orderbook Depth.

Dec 5, 2025

14 min read

VWAP, A Practical Guide

A breakdown of the VWAP's mechanics, behavior and practical applications.

Dec 5, 2025

6 min read

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