The Inflation Ghost, Gold and Options
From The Macro Trading Floor by Alfonso Peccatiello & Brent Donnelly
May 22, 2026 · 37 min
About this episode
Alf and Brent discuss positioning for the macro environment and delve into option structures around gold.
To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG) To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG) In this episode, Alf and Brent discuss the best risk/reward ways to position for the macro environment ahead of us. They then deep dive into option structures around gold, and the question of increasing sample size of trades to reduce PnL variance against the risk of downgrading your edge and expected value per trade when the sample size increases.
People in this episode
Hosts: Alfonso Peccatiello, Brent Donnelly
Topics covered
- macro environment
- gold options
- risk/reward strategies
- trading variance
- PnL variance
Keywords
- inflation
- gold
- options
- trading
- risk management
- PnL
- sample size
Mentioned in this episode
Organizations: Palinuro Capital, Spectra Markets
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