Leap Year Alpha: How the 366th Day Misprices Interest Rates, Retail Revenue, and OptionsISDA day-count arbitrage, Walmart’s 100bp revenue trap, and Black-Scholes theta distortion across three asset classesNavnoor BawaFeb 07, 2026∙ Paid31ShareContinue reading this post for free, courtesy of Navnoor Bawa.Claim my free postOr purchase a paid subscription.
