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.
Disclaimer:
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.
Time Stamps
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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
Links & Resources
X (formerly Twitter): https://x.com/genesisvol
Website: https://pro.amberdata.io/
Free Newsletter: https://amberdataderivatives.substack.com/
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