Junior quant interview question: You work on the equity derivs desk at J.P. GoldmanStanley. A client comes to you and wishes to buy a perpetual GME binary call option, which pays $1,000 if the price ever trades above $1,000. What do you quote them, and how wide is your spread?
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That gives an upper bound on the price but you can't give a two way price like this (I mean, assuming you do actually want to see some flow)
End of conversation
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