AD Derivs: Insights from Crypto Option Traders

Joe Kruy is the head of institutional coverage at Paradigm. 
Paradigm is a block-trading platform for crypto options, futures and perpetuals. 
Paradigm executes nearly all of block-trades that are settled on Deribit. 

Today we explore Joe's background at Deutsche Bank and J.P. Morgan in equity derivatives. 
We also explore drivers of volume in the crypto options space along with a comparison to traditional options trading funds and strategies. 

Joe's book recommendation is 
Option Volatility and Pricing: Advanced Trading Strategies and Techniques
By Sheldon Natenberg

Twitter: https://twitter.com/jkruy26

Tommy Chen is the founder of Typus Finance.
Typus is a DeFi Options protocol built on top of a new L1 blockchain called SUI.
SUI and Typus will be going live to mainnet in May 2023.

Tommy started his career working at a family office as an asset manager.
Later, under the same family office, he began building OptiFi Labs a DeFi options protocol built on top of Solana.

After the FTX crash, Tommy began to built Typus Finance.

Twitter: https://twitter.com/TypusFinance
Medium: https://medium.com/@TypusFinance
Website: https://typus.finance/

Laura has an extensive background in the crypto vol. space.
She worked at LedgerX , then Paradigm and now LedgerPrime.

Today we explore insights about crypto vol. and the different types of customers within each market segment.
We also explore some of Laura's career insights.

Twitter: https://twitter.com/VidiellaLaura

Pierino Ursone is the Head of Options over at Deribit, the worlds #1 crypto options exchange.

Pierino started his career in the 90's as a market-maker at Optiver.
After being a market-marker in the pits, Pierino managed a proprietary options book in the energy space.

Pierino Ursone is also the author of the #4 best selling option book globally "How to Calculate Options Prices and Their Greeks" published by Wiley.

Today we talk about Pierino's career background then dig into Deribit's launch of DVOL futures. 

You can learn more about Pierino Ursone here:
Deribit - DVOL Contract Specifications
DVOL White Paper
LinkedIn
Twitter
"How to Calculate Options Prices and Their Greeks"

Delta Exchange is the second biggest Crypto Options exchange by volume and offers innovative derivatives products.

It offers daily, weekly and monthly expiry in Bitcoin & Ethereum Options.

Pankaj Balani (CEO/Co-founder of Delta Exchange), sits with us to chat about his background, the future of crypto Options markets, how to think through possible growth and retail demand for crypto Options.

Website:
https://www.delta.exchange/
Twitter:
https://twitter.com/Delta_Exchange

TheRealMarty is a crypto vol. twitter OG. 

Starting with right place at right time in terms of finding BTC (AKA price was low) 
TheRealMarty went from nothing to learning about spot, TA, then Options (in that order)
Art school drop out turned vol trader. 
He worked a small fund 1-2 years before opening up his own.

TheRealMarty now runs small boutique fund - specializing in selling options where he
trades mostly on deribit(options)/bitmex(futures)

Arisa is the co-founder and CEO of Cega. Cega is building exotic options structured products for investors that generate superior yield and offer built-in protection against market downturns. Cega is developing new capabilities in tech, token contracts, and data modeling that will enable the next evolution of DeFi derivatives. Arisa was previously a derivatives trader at UBS and a product marketing manager at Google. She is an advisor to the Japan Blockchain Association.

JP is CIO of Tras Mobian, a crypto derivatives market making firm. JP was previously a derivatives trader at various large traditional finance institutions, specifically on Equity exotic derivatives and Commodity derivatives. He was heading Commodity Index Trading at Societe Generale.

Matt (AKA: Cryptarbitrage) is currently working on the risk and product team at Deribit. Matt also created Deribit's option education series over the past two years. 
https://insights.deribit.com/options-course/

Today we chat with Matt about his previous experience in professional poker, sport betting arbitrage and crypto exchange arbs. 

Twitter: https://twitter.com/cryptarbitrage

Samneet Chepal, CFA is a quant trader and analyst at Ledger Prime.

Today we discuss Sam's journey into the markets and quantitative analysis.
How did Sam find his way into a quant role versus a typical trading role and why did he end up being in crypto vol.

We also explore some differences between market-making and buy side.

For the report referenced in the podcast please click the link below
Report: Link Here
Twitter: https://twitter.com/samchepal

Today we speak with Johannes, a professional proprietary trader in Europe. 
We explore Johannes experience learning how to trade early in his career.
We visit the crazy experiences he had in now defunct FX bucket-shops. 

Johannes then explains his views and thoughts trading crypto futures spreads as well as his unique trading insights from experiences in traditional business.