285 · Cashing in Through Exploiting Volatility w/ Greg Magadini

Ian Cox Podcast Leave a Comment

Ian chats with Greg Magadini, a seasoned trader with over 15 years of experience. Greg began his career as a proprietary trader for DRW Trading and Chopper Trading in Chicago and traded with SMB Capital as well. He later took a bold step, venturing out to trade his own book, bootstrapping crypto volatility with options and turning $50,000 into a staggering $1.3 million in consistent profits over nine years.

In addition to his trading success, Greg co-founded Genesis Volatility – a crypto options analytics company, which caught the attention of Amberdata and resulted in an acquisition. Today, Greg serves as the Director of Derivatives at Amberdata, continuing to leverage his expertise in the derivatives space.

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Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Topics & Timestamps:

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  • 0:00 Introduction and background
  • 3:25 Early trades 
  • 7:40 Experiences at prop firms
  • 13:30 Specializing in volatility
  • 18:43 Leaving prop firms for crypto opportunities
  • 22:45 Taking advantage of inefficient opportunities
  • 27:10 Trading options on cryptos
  • 32:36 Cashing in on perpetual futures
  • 40:35 Shaking out the leveraged longs
  • 44:45 Option gamma exposure an issue for Bitcoin?
  • 50:10 Examples of trades
  • 58:45 Returns over the years and early blowups
  • 1:02:00 New tradfi products available
  • 1:06:13 Unrealistic expectations in this market
  • 1:07:50 How Greg deals with stress
  • 1:09:40 What Greg struggles with as a trader
  • 1:11:20 How to reach Greg

Greg Magadini

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