The Trade Busters 136 - Trading Vol Atop the Moontower w/ Kris Abdelmessih
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Sep 12, 2024 Kris Abdelmessih, a former trader and market maker, shares his extensive knowledge on options trading and the development of Moontower AI. He dives into navigating market volatility and emphasizes understanding delta and time decay. Kris discusses the human discretion needed in trading analytics and how visual design aids decision-making. He also highlights the challenges retail investors face and the importance of education in this complex landscape. Listeners gain insights into effective risk management and resources to enhance their trading skills.
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Career Trajectory
- Kris Abdelmessih's career started at SIG's training program in 2000, rotating through various trading roles.
- He traded equity options, became a floor broker, specialized in ETFs, and later transitioned to commodities.
Newsletter Origin
- Kris started writing 'Party at the Moontower' after his wife suggested he consolidate his trading thoughts into a weekly email.
- The newsletter's name is a reference to the movie 'Dazed and Confused'.
Winning Is Losing
- Options trading can give right feedback for wrong actions and vice versa.
- Kris' IWM cover call trade, profitable due to market conditions, exemplifies a win that's technically a loss when analyzing volatility.