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SBF

@SBF_FTX

and

@_Dave__White_

not too long ago!

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Frank Chaparro

@fintechfrank

May 17, 2021

Paradigm is making big moves. The crypto investment firm, which manages billions, has made a string of new hires as it expands its trading, comms + recruiting efforts. New hires: -Jim Prosser, head of comms -Reena Jashnani-Slusarz, GC -Kevin Pang, head of trading and crypto ops

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8:03 PM · May 17, 2021Twitter Web App

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and

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most VCs: "let me know how i can be helpful"

@_Dave__White_

: is helpful without being asked; spends friday nights thinking about derivative design on twitter

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Dave White

@_Dave__White_

May 15, 2021

any options quant / stochastic calc chads know how to price an exotic american put whose strike resets to 5% below spot every day at midnight until expiry? twitter.com/_Dave__White_/…

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and

let's not forget your own contribution to that thread! without your

@bennpeifert

tag my weekend would have been 90% less fun, and lord knows what misguided nonsense i might have been up to today

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Benn Eifert

@bennpeifert

May 15, 2021

Replying to @omarish and @_Dave__White_

this is a cliquet, very standard exotic derivative structure from insurance markets. it is forward skew sensitive and generally would be non-replicable and require a stochastic volatility or local-stochastic volatility model to price.

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and

🙏🙏🙏

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