The Kid who Kaptures Kurtosis with Kris Sidial of Ambrus Group

Our guest this episode has quickly become one of the must follows on FinTwit with his mixture of motivational messaging and market savvy. Kris Sidial is the Co-CIO of The Ambrus Group, a volatility arbitrage fund that focuses on statistical outliers in the U.S equity derivatives space. But he’s no kid, despite his bio touting his 28yr oldness, having worked on exotic options desk, prop firms, and now his own hedge fund. Kris and Jeff dive into growing up on the other side of the tracks, market microstructure, whether you can outwork others in the quant space, the belly of the vol trade, gamma hedging, GME, NYC, LIU, Penn, flow, father’s day without a dad, liquidity cascades, options books (the positions), and options books (the actual reading type books). Don’t miss this great chat with one of the good guys in this space. Chapters: 00:00-02:49=Intro 02:50-16:24=Rough Route to Wall Street 16:25-23:03=Break-through 23:04-33:12=The Exotics Desk 33:13-45:38=Starting Ambrus 45:39-52:40=Covering the Bleed & Capped vs Uncapped 52:41-01:03:04=Finding Value in Volatility/Buying the Wings 01:03:05-01:11:39=A Shift in Dealer Hedging & Loving the Game 01:11:40-01:17:54=Favorites Follow Kris (@Ksidiii) on Twitter and get more information on the funds at Ambrus Group here.    And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. And visit our sponsor, the CME Group at www.cmegroup.com to learn more about futures and options. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer