Alpha Exchange cover image

Alpha Exchange

Kris Abdelmessih, Co-Founder, Moontower AI

Sep 11, 2024
Kris Abdelmessih, Co-Founder of Moontower AI and a seasoned options trader, shares his rich experiences from market making to trading volatility. He discusses the critical importance of strong sell-side relationships and effective risk management strategies. Kris highlights the challenges faced when trading volatile ETFs, particularly referencing the April 2020 crude oil meltdown. He also delves into insights about micro-edge strategies and the evolving dynamics of trading in today's technology-driven markets.
51:04

Podcast summary created with Snipd AI

Quick takeaways

  • Kris Abdelmessih underscores the necessity of a market maker mindset in options trading to identify pricing opportunities efficiently.
  • The podcast highlights the critical importance of risk management practices and adapting to changing volatility profiles in options trading.

Deep dives

Insights from Market Making Experience

The discussion highlights the importance of understanding market making as a foundational skill in trading options. Chris Abdomosia shares his journey through a rigorous training program, which provided immersive experiences in mock trading and theoretical concepts like the Black-Scholes model. The emphasis on developing a market maker mindset helped him identify pricing opportunities in the options market by understanding how screens were framed and pricing relative to underlying assets. This foundational knowledge proved invaluable in executing trades efficiently, ensuring he could gain a micro-edge in the highly competitive environment of options trading.

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