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Chat With Traders

241: Jimmy Jude – The Rough ‘n Tumble Life of a Merc Jerk

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 29 August 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

This episode consists of an extremely raw and unfiltered interview with veteran derivatives trader and self-proclaimed Merc Jerk, Jimmy Jude. As we rewind to the early 90’s, Jimmy relives the rough 'n tumble of CME’s Eurodollar options pit. Telling of power struggles, immense risk taking, and wisdoms gained from his peers. Jimmy also recounts some of the more notable—and chaotic—events he’s witnessed, such as; being front row to an $8-billion blow up in Nat Gas, when trading on the NYMEX floor. Then to finish, I ask Jimmy a few things about his way of trading nowadays; working structures on the VIX curve and E-mini futures. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I think that the holidays feel like frozen noses. I love walking with the dog for long periods of time.

0:10.0

Hopefully it's snowing and you've got to wrap up warm. So I think a frozen nose is

0:13.6

then sweaty armpits because like you're wrapped up so warm but then you're climbing hamps

0:17.9

and heath and you get to the top and you're like and then you can see the breath

0:21.6

but then your nose is still freezing to touch.

0:25.0

Joy in every sip with red carp now back at Starbucks.

0:31.0

This episode is brought to you by Slack. With Slack you can bring all your people and tools together

0:36.8

in one place. It's your digital HQ where you can increase productivity, enable flexibility and

0:42.5

automate workflows. Plus Slack is full of game changing features like huddles for quick check-ins

0:48.4

or Slack Connect which helps you connect with partners inside and outside of your company.

0:53.6

Slack where the future works. Get started at slack.com slash dhq.

1:02.7

Markets speculation and risk. This is the chat with traders podcast.

1:10.8

Hey traders how's it going? Welcome back. It's Tessa here bringing you episode 241

1:17.4

which is unlike any other because today Aaron and I have a very raw fascinating and at times

1:25.3

colorful conversation with self-proclaimed Merck jerk trading vet Jimmy Jude.

1:33.6

As we rewind to the early 90s Jimmy relives the rough and tumble of CME's Euro Dollar trading

1:40.6

pit. He shares with us about the power struggles and mens risk taking and wisdoms gained from his

1:46.8

peers. Jimmy also recounts some of the more notable and chaotic events he's witnessed

1:52.1

such as being front row to an 8 billion dollar blow up in natural gas when trading in the NIMX floor.

1:58.5

Then to finish I asked Jimmy a few things about his way of trading nowadays trading the VIX curve

2:04.7

structures and e-many futures. Now just a quick note before we get into it if you are offended by

2:11.2

a frequent use of the F bomb or have kids in the car then you're best to sit this one out.

...

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