CRYPTO 101

Ep. 631 Understanding The Crypto Options Market with Derive

12 snips
Dec 10, 2024
In this engaging discussion, Nick Forster, co-founder of Derive and former Wall Street options trader, dives deep into the crypto options market. He shares his transition from traditional finance, emphasizing the allure of building innovative platforms. The conversation reveals fascinating insights on liquidity challenges and a landmark $25 million Bitcoin options trade. Nick also explores the role of blockchain in revolutionizing finance, the significance of the DRV token, and shares trading strategies while discussing the dynamics of meme coins in today's market.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

GameStop Mania Experience

  • Nick Forster witnessed the GameStop and WallStreetBets mania firsthand as a Wall Street trader.
  • He traded options on stocks targeted by retail investors during that period.
INSIGHT

Poker and Trading

  • Susquehanna, Nick Forster's former employer, used poker training to enhance traders' decision-making under uncertainty.
  • This training emphasized probability, betting strategy, and adapting to market signals.
ADVICE

Recommended Reading

  • For learning options, Nick Forster recommends Taleb's "Dynamic Hedging", though it requires some mathematical background.
  • For poker strategy and decision-making, he suggests books by David Sklansky.
Get the Snipd Podcast app to discover more snips from this episode
Get the app