The Arowana Blog
Options strategies, position sizing, valuation frameworks, and lessons from real trading. New posts weekly.
The 33% Rule: Why Your Credit Should Cover a Third of the Spread
Most traders focus on delta when selecting strikes. Here's why the premium-to-width ratio matters more for long-term profitability.
R-Multiples Explained: The Only Metric That Actually Predicts Profitability
Win rate is a vanity metric. Profit factor is better. But R-multiple consistency is what separates sustainable traders from lucky ones.
When the Wheel Breaks: 4 Scenarios Where You Lose Money Wheeling
The wheel strategy sounds passive and safe. Here are the four situations where it quietly destroys capital — and how to avoid them.
Why DCF Models Always Lie (And Why You Should Use Them Anyway)
Every input in a DCF model is a guess. That doesn't make the model useless — it makes the sensitivity table the most important output.
Using AI for Stock Analysis: What It Gets Right and Where It Hallucinates
We tested Arowana Trader on 50 stock setups. Here's an honest breakdown of where AI analysis adds genuine edge — and where it makes things up.