Mechanics · 8 min read
Everlasting options vs. streaming premium
Two ways to finance expirationless optionality, compared through their marks, cash flows, and path sensitivity.
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Understand the mechanism. Then change the path.
Visual, experiment-led guides that move from perpetual option concepts into reproducible Lab scenarios.
Comparison · 7 min read
Rolling conventional options vs. perpetual exposure
Use a continuous-roll approximation as a bridge from familiar expiries to ongoing option exposure.
Foundations · 6 min read
What is a perpetual option?
A visual guide to expirationless option exposure—and why the contract mechanics matter more than the label.
Scenarios · 7 min read
Why path dependence matters
The same starting and ending price can produce different perpetual-option economics.