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Options Boot Camp

Updated 2 months ago

Rank #95 in Investing category

Business
Investing
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Options Boot Camp is designed to help get you into peak options trading shape by teaching you options trading inside and out, basic to complex. Listeners can even submit their own options questions to be answered on the show.

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Options Boot Camp is designed to help get you into peak options trading shape by teaching you options trading inside and out, basic to complex. Listeners can even submit their own options questions to be answered on the show.

iTunes Ratings

63 Ratings
Average Ratings
42
9
6
4
2

IRRguy

By Chicago201489 - Apr 16 2020
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Great options show with varying opinions on strategies. Easy listens

Very Educational

By Allen_tpa - Mar 31 2014
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Great show. Very educational and easy to understand. Keep up the good work!

iTunes Ratings

63 Ratings
Average Ratings
42
9
6
4
2

IRRguy

By Chicago201489 - Apr 16 2020
Read more
Great options show with varying opinions on strategies. Easy listens

Very Educational

By Allen_tpa - Mar 31 2014
Read more
Great show. Very educational and easy to understand. Keep up the good work!
Cover image of Options Boot Camp

Options Boot Camp

Latest release on Aug 12, 2020

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Options Boot Camp is designed to help get you into peak options trading shape by teaching you options trading inside and out, basic to complex. Listeners can even submit their own options questions to be answered on the show.

Rank #1: Options Boot Camp Episode 3: Buying Options

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BASIC TRAINING - BUYING OPTIONS

  • Buying Options, with special guest Joe Burgoyne from the Options Industry Council.
  • Benefits & Downsides of buying options.
  • The Greeks most relevant to novice options buyers.
  • Bullish Example: Buying a call
  • Bearish/Defensive Example: Buying a put.
  • Common options buying mistakes: Buying OTM options vs ATM/ITM options, Intrinsic vs. Extrinsic value, Loading up before earnings.

ROLL CALL Mark and Dan sit down with this episode's guest Benny Joseph to discuss the Zecco mobile app. They cover a wide range of topics including:

  • Can it execute options orders?
  • Can you access the greeks of your position via the mobile app?
  • Can you execute complex, multi-leg spreads via the mobile app?
  • What features of the Zecco mobile app set it apart from the rest of the pack?
  • What has the feedback been since launching this new app?

MAIL CALL Mark and Dan answer questions from Zecco's Facebook community including:

  • From Arsalan: If I buy a call option and when it is time to exercise it, will that be done automatically (from the strike price or by the cost basis price, which would be the premium+strike?) or will I need to do something, as well as if I don't have the buying power to exercise the option, what happens, can I just have it buy and sell the stock right then and there and just have the profit.
  • From Mike: Is Delta a measure of how much the option moves in relation to the stock? Example. A delta of 0.7 would mean if the stock moves 10%, the option would move 7%?

Apr 19 2012

1hr 4mins

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Rank #2: Options Bootcamp 4: Selling Options

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Options Bootcamp 4: Selling Options

Basic Training: Turning to the dark side! It's time to learn how to sell options. Why sell options? Time decay and theta. Collecting theta, instead of paying theta, turning an enemy into a powerful ally.Example: The Naked Call The Naked Short Put

Options Drills: The Covered Call

Roll Call: Mark and Dan sit down with this Zecco Trading's President Michael Feser, to discuss Zecco in 2012. Given the difficulty for new retail traders in the last year, what can we see now, a full quarter into the new year? What issues may investors need to be cognizant of before coming into the market this year? Explaining the success of Zecco Share.
Mail Call: Facebook questions from the Zecco community.From Chad: What is the difference between a married put and a covered call? From Austin: I have an IRA account which is approved for basic options strategies. My investment objective is to preserve capital and generate additional income while remaining risk adverse. What basic strategies can I use in this situation?

May 07 2012

58mins

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Rank #3: Options Bootcamp 76: Assignment Risk, Spread Deltas, Minis and More

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MAIL CALL

Question from Joe and Linda -  I have  been knee deep with you guys for the last 14 months and can’t Thank You enough for the wealth of information you provide. One of my favorite quotes: “ Your generosity is only exceeded by my gratitude.” I have a long commute to work in the morning and have managed to listen to all 240+ of the Options Playbook, all of the Bootcamp, 90% of the OIC stuff as well as in and out of the Options Advisor and Futures show. Also haven’t missed Options Block for the last few months.

 I purchased Dan’s Trading Options Greeks book and was wondering if he had an audio version. Could easily listen to it on my morning commute.

You so much for all your help, looking forward to the future with you guys. Going to be successful enough to be able to travel thank you guys in person! Thanks Again!

Question from Rayman5839 - Hi! Is the option premium counted toward exercising an option when in the money?. New to options, thanks...So it would only be profitable if the intrinsic value heavily outweighs extrinsic?

Question from Thomas Weber - If I am short a deep in the money call in SPY (delta near 1), what are the odds I will be assigned before Friday expiration?

Question from Alto - Which do you think has a better chance of happening - no more earnings calls or after hours options trading? And which do you think would be more impactful for options traders? Do you have a preference?

Question from 6654P - Why are options on CBOE and CME GROUP viewed differently?

Question from Paul Vasquez - When is the “official” close as far as options expiration is concerned?  I’ve had calls assigned and had stocks put to me when the strike was out of the money at market close but it moved in and out during after hours trading. Any light you can shed on how expirations work would be appreciated. Thanks Paul, Sacramento, CA

Question from LL6 - Why did mini options fail? Are they done for good?

Question from Neels - Why is the logo for this show blue?

Question from RadH0k - Is spread delta just diff of the deltas on the two options?

Question from JackTam - Is there another exchange educator out there other than Cboe institute?

Jun 25 2019

1hr 1min

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Rank #4: Options Bootcamp 74: Trading Options in a High Volatility Environment

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Basic Training: The Return of Volatility!

  • VIX is not dead.
  • VIX jumped from 13.99 on 2/2 to 38.30 on 2/5, and 46.34 on 2/6.
  • What are you thought on the recent resurgence of volatility in the marketplace?
  • Do you think this is a temporary aberration or have we transitioned into a new volatility regime?
  • What is the impact of higher volatility on options strategies? What is the impact of this change for options traders?

Mail Call: Options Flashpoll

The proposed third exchange from MIAX will raise the total number of U.S. Options Exchanges to 16. Is this a good thing for the options market? Is it the straw that finally breaks the camel's back? Or are you too busy getting great fills to care?

  • 44% - More Exchanges the Better
  • 22% - Please Make It Stop
  • 34% - Don't Care: I get filled

Listener questions and comments:

  • Question from Allan Tullman - There was a lot of research last year regarding selling put options to harvest risk premium. Now that volatility is back is this an ideal time to harvest premium via put selling or does the increased volatility increase the probability of getting whipsawed?
  • Question from Scott Somer - For Jill Malandrino: When CBOE does their floor reports there is an open outcry din from the SPX, VIX areas. Are there areas on the Nasdaq PHLX floor that also have that type of din, and if so, what names are getting this din?

May 30 2018

1hr 3mins

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Rank #5: Options Bootcamp 32: Volatility and Skew

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Basic Training: Let's talk fundamentals

  • What is Implied Volatility and how it is derived? Why is understanding implied volatility is so important?
  • Historical volatility versus implied volatility.
  • What is skew? Why does skew exist?
  • What is the put wing? What is the call wing?
  • What is investment skew? What are other types of skew?
  • #1 Options question from newcomers - I bought a call option then the stock rallied and my call lost value. Why?
  • How do you evaluate skew? How is skew measured?
  • What is reverse skew? What does reverse skew sometimes indicate?
  • What is term structure?

Mail Call: You have questions. We have answers.

  • Question from Nick D. - I am a covered call seller. I have some people recommend that I should sell in-the-money covered calls instead of my usual 5%-10% out-of-the-money calls because of volatility. But why would I want to sell a call that is going to inevitably be called away? What is your thought on this strategy?
  • Question from Charles Midler, Santa Fe, NM - I am thinking about hedging my short stock positions with short put positions. How do the drill instructors view this strategy? Am I on the right track? Can John discuss the margin requirements of such a strategy?
  • Question from Nomad 6 - What are flex options?

Oct 24 2013

1hr 3mins

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Rank #6: Options Bootcamp 5: Spread Trading

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Options Bootcamp 5: Spread Trading Basic Training: Today we're going to dive into spreads. Spreads are really the defining characteristics of options. What is a spread? Why would you do a spread vs. trading an option outright? Max value of a spread is the differential between the two strike prices. Long call spread, aka vertical, examples with everyone's favorite stock XYZ. Spreads have components called legs - they are the individual parts of the spread.

Roll Call: Mark and Dan sit down with Christopher Newman, the Zecco Trading Vice President of Customer Service, and run him through a few questions:

  • A big part of the brokerage experience is support. What are some of the things Zecco does to ensure the customer has a great experience when they need support?
  • If I'm a Zecco customer, or a potential Zecco customer, how can I reach out to get support?What methods of communication does Zecco offer?
  • If I'm an options trader, will Zecco go the extra mile for me on the phone? Explain what options traders can expect in terms of phone support.

Mail Call:

  • Twitter question from DSCHWARTZ- You said buying options before earning was bad. What about spreads (verticals, etc)?
  • Email from Stephen Maxes, Des Moines, IA- I'm interested in trading options spread. Do I need a special options account to do this or does the regular option account work for spreads as well? Thanks and please keep doing the show. It has been very helpful for me.

May 17 2012

53mins

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Rank #7: Options Bootcamp 63: The Proper Way to Trade Covered Calls

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Options 101: Our topic today was inspired by a listener question.

  • Question from Mark Davis: Hello, I am a new listener to options bootcamp and am currently on Ep. 4. There was a mention of using covered calls to generate a "dividend." I am having trouble tracking down more information on this. Being still new to all of this I am hoping to get a clearer picture of how it works. How far out on expiration should I look and how do I figure the strike price? Thanks!

Mail Call: Even more listener questions and comments

  • Question from Robert Kornacki: I would like to use strategy regarding naked puts. If the naked put is far out of money what strategy could I use to protect myself. Could I use some type of order in case it was getting close to naked put strike price. Thanks
  • Question from Dmitry Shesterin: What happens to LEAPs for tickers that get delisted before expiration?
  • Question from Fred: I read Natenberg options volatility and pricing twice now and I have also set up paper trading accounts. But I am stuck going forward in my options progression. I do not want to trade using the greeks formula. But I want to spec on crude futures intraday using options. What should I do? Should I make more SIM trades until I figure it out? Or am I just too ignorant to trade options?
  • Question from Jack Rieger: Do you have any specific strategies near or on expiration to profit from theta decay?
  • Question from Bobby: How long did it take you to become comfortable trading credit spreads? Also what is my max loss when trading a credit spread?
  • Question from from Tor: Hello. I am (restarting) my options trading on a shoestring; any thoughts on mini-options? Thanks.
  • Question from Fred (#2): Is it my imagination or do options traders trade more markets than futures traders do? Is that a good practice? Is it good to look for multiple markets when trading options? Should I expand my horizons?

Jul 29 2016

58mins

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Rank #8: Options Bootcamp 62: Selling Puts Revisited

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Basic Training: Short Puts Revisited

  • Want a complete overview of selling puts? Check out Options Boot Camp episode 4 from May 7, 2012.
  • New study: "An Analysis of Index Option Writing with Monthly and Weekly Rollover," written by Oleg Bondarenko, professor of finance at the University of Illinois at Chicago, and sponsored by CBOE. It is.the first comprehensive study to examine strategy benchmark with traditional stock, bond indexes incorporating weeklys options.
  • CBOE Russell study "Analyzing Russell 2000 Index Options-Based Benchmark Indexes Designed to Provide Enhanced Yields and Risk-Adjusted Returns." CBOE announced the release of a new study that examines six benchmark indexes that invest in Russell 2000 Index (RUT) options and compares their performances with those of traditional benchmark stock and bond indexes. This is the first comprehensive study that examines the performance of multiple options-strategy benchmark indexes that incorporate Russell 2000 Index options. Written by Mark Shore, an adjunct professor at DePaul University's Kellstadt Graduate School of Business, and sponsored by CBOE.

Mail Call: Listener questions and comments

  • Question from QKT - If i sold a $1 strike put with a current trading price of $.50 and then the stock goes to $5-what happens and what is my risk? How do I look at expiration? Can my puts be exercised against me?
  • Question from Nick S. -I am thinking of a cool new strategy that I haven't seen listed online before. It effectively involves buying an iron butterfly (one of Marks favorite strategies) and then selling an extra put on the downside leg. You would select your strike at a price where you are comfortable buying the stock should it drop. This has the obvious benefit of reducing your initial outlay for the position. However, unlike a naked short, put you have the added cushion of the long straddle to help protect you on the downside and lower your effective break-even on the downside.
  • Question from AJ M. - I have a question for the drill instructors. I hope you guys can calm my frayed nerves over this DOL thing. What exactly is going on? Am I not going to be able to sell calls in my IRA anymore? Since the vast majority of my assets are in retirement accounts this would be a HUGE hit to my savings. Please tell me this is not the case. Is there anything I as a retail stock and options trader can do to help prevent this? What if I open an international trading account? Would that do the trick? Help - I need the drill instructors to talk me off the ledge.

Apr 19 2016

49mins

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Rank #9: Options Bootcamp 70: Mistakes to Avoid When Trading Options

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In this episode, Mark, Dan Passarelli and Jill Malandrino take on listener questions.

Options Drills: Today's topic was inspired by this listener question:

Question from MarkLitwin: How do you lose money in options in the most effective way?

  • Don't by ATM straddles
  • Don't load up on far OTM options because they're cheap
  • Don't trade earnings
  • Be careful with trading weeklies
  • Watch out when selling options going into weekends or holidays

Mail Call: Listeners take over

  • Question from ejh4isu: IF I buy/sell a vertical on SPX (or any equity stock for that matter) and hold until expiration, and SPX settles between the strikes, what happens? Example: sell 2395/2400 and SPX settles at 2397.
  • Question from Darqane: Assigned on short SPX puts means getting long the underlying? But how does that work if it's cash settled?
  • Question from Lesnod: How do you get out of the straddles? One side of a straddle is always a loss correct?
  • Question from Bobster: Can you trade options outside of U.S. trading hours?
  • Question from ejh4isu: Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do?
  • Question from BULZEYE7: Are options worth it for day-traders? Or just for swing-traders?

Nov 28 2017

1hr

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Rank #10: Options Bootcamp 38: Triple Income Trading

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Basic Training: The Wheel Trade

A great trade for novice options traders. Our friends at RCM call this the "triple income trade" or "the wheel of fun."

What is it? Write a put to get long equity, then immediately write a call to sell equity. When should you use it? When should you not use it?

This is a great way to add some extra bang to your covered call trades.

Mail Call: Fabulous questions, insightful answers.

  • Question from Bit Tim: You recommend closing out your shorts when they go your way. Do you advise factoring the closing price of the trade in to your calculations when writing options? For example - write a put for $.30, but know at the onset that you will only collect $.25, because you will close it out for $.05. If more people did that at the outset, they might be less reluctant to close out their winner for a profit.
  • Question from Jack - I know you guys are not tax advisors, and so nothing you say can be taken as certain in any answer to this question. I am a small time trader, and at the moment cannot afford a CPA with trading expertise in options to do my taxes. So I am wondering if you can talk about the potential tax consequences of front spreads, especially when used as covered call replacements? I have had good success with this strategy, and I would like to move it into my margin account this year, instead of just using it in the IRA to avoid the tax headache.
  • Question from Alejandro Garcia, NYC - Given Wang's experience in the Chinese market, I would be interested to hear John's take on the impending launch of listed options in China in April. Does he think it will be a success? What will the popular strats will be with Chinese options traders?

Jan 24 2014

50mins

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Rank #11: OBC 81: Pandemic Special

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Options Boot Camp 81: Pandemic Special 

You asked for it -you got it! Mark and Dan put the drill instructor hats back on for a special pandemic-themed episode. 

Options Drills Segment

They start by breaking down their preferred options trades for this volatile environment. 

Mail Call

Mark and Dan wade into the mail bag to answer your questions about theta decay,  levered ETPs vs. options, the Schwab/TD merger and much more. 

Mar 18 2020

57mins

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Rank #12: Options Bootcamp 60: Adding Weeklys to Your Income Strategy

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Basic Training: Theta. A review of Theta and its impact on income trading. New Study: An analysis of index option writing with monthly and weekly rollover - First comprehensive study to examine strategy benchmark with traditional stock, bond indexes incorporating weeklys options.

Mail Call: Listener questions and comments.

  • Question from KDDiddy - I want to protect a stock position with puts at a strike 2% below market but there is not a strike there. I thought of dividing my purchase between two different strikes to get an average of 2% but I do not want all the guys to call me stupid. Mom always said I was a genius but it is hard to feel like one when buying something called a Put Stupid. What should I do instead? Regards, Mr. Smart
  • Question from LATom - Can the drill squad explain covered strangles vs. covered calls? What is the difference?

Feb 16 2016

55mins

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Rank #13: Options Bootcamp 26: Calendar Spreads

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Options Bootcamp 26: Calendar Spreads

Basic Training: Calendar Spreads

This builds on the knowledge from episode 13 "Basic Spreads" and episode 14 "Advanced Spreads" from December.

  • What is a calendar spread?
  • Why would you want to use a calendar?
  • Calendars are much more complex that basic textbooks tell you.
  • The delicate balance between gamma and volatility in a calendar trade.
  • Can't use P&L diagrams
  • How do you manage a calendar?

Jul 19 2013

1hr 1min

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Rank #14: Options Bootcamp 40: Trade Adjustments

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Basic Training: The topic of the show today comes to us courtesy of a listener question.

Question from Dr. Toboggan: Love the podcasts. Would like to see an episode (maybe options bootcamp) that covers trade adjustments. This was been the most difficult aspect of learning to trade options for me, and would be useful now that you've covered most of the basics on this program. Specifically, would like to hear a discussion on how to adjust trades when the stock moves against you (i.e. price hits the short strike in a condor/credit spread, or the wings of a butterfly). Thanks

  • Adjustments are where the rubber meets the road from an options perspective.
  • What are adjustments?
  • Why have an adjustment strategy?
  • When do you make the adjustment?

Basic Adjustments:

  • Close positions and close portions the of trade.
  • Adjusting into spreads.
  • Good rolls vs bad rolls.
  • Long premium vs short premium.

Feb 21 2014

55mins

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Rank #15: Options Bootcamp 53: Income Trade Adjustments

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Options 101: Income Trade Adjustments

  • An overview of income trades: Covered call, short put, short straddle, etc.
  • What do we mean by adjustments? When to or not to adjust?
  • Previous episodes that will be helpful: Options Bootcamp 41: Advanced Adjustments & Options Bootcamp 40: Trade Adjustments.
  • Basic adjustments, partial adjustments and adjusting into spreads.

Mail Call: Listener questions and comments

  • Comment from Dmitry Shesterin - @Options There is no V in the Greek alphabet, so how come Vega is considered a "Greek"? Who started this madness?
  • Question from Brian Collamer - Do OTM options decay the fastest at 60-70 days and then kind of flatten out?? Great show, wish it was longer! Thanks, Brian
  • Question from Charles Patterson - Is it accurate to describe delta as the probability of an option expiring in the money?
  • Question from Rohan - Do you think it is viable for an active retail trader to become a professional retail trader using primarily the freely available tools from OX and other retail brokers? How viable is that in the current environment? Would I always be at a disadvantage from the pros picking me off? Is this just a pipe dream? How much would you say the average pro trader needs to make to be viable? Thanks again for all of the great programs you guys have put out for free.
  • Question from AVG - I heard Dan Passarelli talking about Goldman telling people it's not worth it to sell S&P puts anymore. Do you guys agree with that sentiment?

Feb 02 2015

51mins

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Rank #16: Options Bootcamp 41: Advanced Adjustments

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Basic Training: Advanced Adjustments

  • Spread adjustments
  • When should you adjust a spread?
  • Vertical spreads. Long and short straddles.
  • Long and short butterfly adjustments
  • When should you adjust your flies?
  • Iron butterflies and iron condors.
  • Calendar spread adjustments
  • When should you adjust basic horizontal one-month calendars?

Mail Call: The drill instructors will now take your questions

  • Question from Dr. Anthony - I enjoyed you episode on the wheel trade. I would like to know more about your typical use case for wheel trades, particularly when it comes to the second leg. Do you write an ITM or ATM call, hoping for the stock to be called away quickly, thereby allowing you to begin the process again? Or do you prefer to write an OTM call and attempt to capture some appreciation in the underlying, while risking losses in the stock?
  • Question from Nik_Miner - How much money should I keep in my account for adjustments? Does 10-15% seem reasonable in case I need to roll or trade stock against my options?

Mar 06 2014

1hr

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Rank #17: Options Boot Camp 61: Earnings and Election Volatility, Day Trading Options and More

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Options Questions of the Week:

How do you prefer to trade options?

19% - Long premium

15% - Short premium

56% - I avoid earnings

10% - Other, explain below

How many U.S. options exchanges do we need?

5% - 14 is perfect!

29% - The more the merrier

62% - Make it stop!

4% - Other, explain below

Should options trade after hours?

53% - Heck Yes!

15% - Only in Major Names

15% - No, poor liquify

17% - No, other

  • Question from Alfy - Is it possible to be a day trader using options, or do you gave to take a longer term view?
  • Question from Alex - Insider Trading, What are your thoughts on Shorting 1Y 25 Delta Puts on LNKD midday today (LNKD is at 105 as I write this message). Puts are quite juicy right now with quite acceptable break even points. I am very interested in hearing your feedback. Cheers, Big Options Trading Podcast fan, Alex.
  • Question from Michael - $15 put Twitter drops off the map; yet the premium still has been declining. Can you explain?
  • Question from FuturesMD - Is there a directional options strategy that you'd suggest for someone who wants to play the 2016 election?
  • Question from TraderSon - Can a trader make a decent living buying straight call and puts, or do you have to get crazy with the complex stuff like iron condors?

Mar 03 2016

1hr 1min

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Rank #18: Options Boot Camp 80: Holiday Options Mythbusting

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Options Boot Camp 80: Holiday Options Mythbusting   HOST: Mark Longo, The Options Insider Media Group CO-HOST: Dan Passarelli, Market Taker Mentoring  

On this episode of Options Boot Camp, Mark and Dan discuss:

  • Should you write ITM covered calls?
  • Covered calls versus naked short puts?
  • Busting the most common options myth.
  • And much more...

Jan 01 2020

23mins

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Rank #19: Options Bootcamp 39: Options As Investment Vehicles

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Options Drills: Options as an investment tool.

Stock replacement strategy, Covered calls, Short puts, Collars, Covered strangles, Covered straddles and LEAPs

Mail Call:

Question from Charles Binder - Can you guys explain 60/40 tax treatment? What do I need to trade to qualify for this special consideration? Thanks for your help. Keep the show coming!

Jan 31 2014

57mins

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Rank #20: Options Bootcamp 51: Covered Strangles, Theta and Closing Spreads

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Basic Training: Covered Strangles/Covered Combo

  • What is it? Long stock, covered call, short put. Why do it? Collect more income than a standard covered call or short put. Why not to do it? Increased margin requirement, you will increase your stock position to the downside.
  • Example: XYZ trading at $50.
  • Option 1 - Sell covered front month 55 strike call for $1 - collect 2% income.
  • Option 2 - Sell both front month 55 call and 45 put for $1 each - collect $2 or 4% income. Rinse and repeat.

Note: Call and put should only be sold on strikes where you are comfortable buying/selling the stock.

Listener Mail: Listener questions and comments

  • Question from Tony - Mark, love boot camp. I was lucky enough to have a fairly significant weekly put spread position in DIA this week (long puts at 166-167 and short at 161-162.5). I was making good money on Wednesday and ran into a problem. The bid ask spread on my long puts were so wide, I could not close out, roll or adjust the trade. I thought about buying futures contracts to hedge my delta risk and suck out the theta. Is there any other strategy to adjust or hedge a successful trade without getting haircut on the executions? Should I just calculate the extrinsic value add a spread and put in a limit order for the long leg? Is it always harder to close out a spread trade in a volatile market… i.e. if I want to close a spread trade does one person have to want to enter the same trade? Or can the trade go to two counter parties?
  • Question from Mukund Ambarge - Hi Team, I had question on theta decay. I understand that delta is in constant flux with every tick move in stock, the delta / gamma changes. IV is in constant flux with buying and selling of options and volume etc. So vega changes with option transactions. But theta decay is the only one which is always in a steady pace i.e. it’s not like it will decay quickly today and slowly tomorrow. The question is when the theta decay is really adjusted in the prices of options. Do the theta decay get adjusted at every tick move? Or every hour? If it is adjusted daily. Then when is the theta decay taken out of options. Early morning before start of trading? Or late in the day like last few minutes that whole days theta is taken out? Also I do not know when is weekend theta taken out of prices? Friday early morning or Friday ending or middle of the day? Basically when does market maker run the prices with the model and set the prices? Only once before trading starts or does he keep adjusting every minute/hour/tick based on demand/supply?

Nov 19 2014

45mins

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OBC 99: Hedging Lofty Markets, Technicals vs. Fundamentals and More

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OBC 99: Hedging Lofty Markets, Technicals vs. Fundamentals & More

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: RUSSELL RHOADS, EQ DERIVATIVES

On this episode, Mark and Russell answer your questions about:

  • Hedging These Crazy Markets. 
  • Technical vs. Fundamental Analysis.
  • Too Many Options Exchanges?
  • Can VIX Revisit its 2017 Lows?
  • Is Mark the Michael Jordan of Options Podcasting?
  • and much more..

Aug 12 2020

31mins

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OBC 98: The Mysterious VIX

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OBC 98: THE MYSTERIOUS VIX

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: RUSSELL RHOADS, EQ DERIVATIVES

TOPIC

  • THE MYSTERIOUS VIX
    • VIX HISTORY
    • MODERN VIX: SWITCHED TO S&P500 (AKA SPX)
    • RECENT TWEAKS
    • COMMON MISPERCEPTION
    • OTHER DURATIONS OF VIX
    • COMMODITY FLAVORS OF VIX

MAIL CALL

  • ANSWERING YOUR QUESTION ABOUT HEDGING STRATEGIES

Aug 05 2020

34mins

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OBC 97: Your Q's About Assignment Risk, First Options Trades and More

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OBC 97: YOUR Q'S ABOUT ASSIGNMENT RISK, FIRST OPTIONS TRADES AND MORE

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING

MAIL CALL SEGMENT

TODAY WE ANSWER YOUR QUESTIONS ABOUT:

  • ASSIGNMENT RISK
  • FIRST OPTIONS TRADES
  • THE ROBIN HOOD PLATFORM
  • AND MORE

Jul 29 2020

33mins

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OBC 96: Trading Options Around Earnings

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OBC 96: TRADING OPTIONS AROUND EARNINGS

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.

TOPIC

  • PUT VOLATILITY TO WORK WHEN TRADING EARNINGS
    • STRADDLES
    • EXPECTED EARNINGS
    • IMPLIED VOLATILITY AND OPTION VEGA
    • TRADE OFFS

Jul 22 2020

30mins

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OBC 95: Your Q’s About Going Pro, Pandemic Options Trading and More

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OBC 95: Your Q’s About Going Pro, Pandemic Options Trading and More

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING

MAIL CALL SEGMENT

TODAY WE ANSWER YOUR QUESTIONS ABOUT:

  • EARLY EXERCISE RISK ON SHORT PUTS
  • MAKING A LIVING TRADING OPTIONS FULL TIME
  • BLACK SWAN PUT SPREADS
  • IMPACT OF THE PANDEMIC ON THE OPTIONS MARKET
  • AND MORE...

Jul 15 2020

31mins

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OBC 94: Let's Get Psychological

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OBC 94: Let's Get Psychological

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.

TOPICS:

TIPS TO HELP IMPROVE YOUR PSYCHOLOGICAL APPROACH TO TRADING

  • "YOUR 1ST LOSS IS YOUR BEST LOSS"
  • CONFIDENCE VS STATISTICS
  • ATTITUDE IS EVERYTHING
  • OVERCOMING FEAR AND GREED
  • and much more...

Jul 08 2020

30mins

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OBC 93: Your Q’s about Covered Calls, Worthless Greeks and the Death of TVIX

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OBC 93: YOUR Q’S ABOUT COVERED CALLS, WORTHLESS GREEKS AND THE DEATH OF TVIX

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: ERIC METZ, SPIDERROCK ADVISORS

MAIL CALL SEGMENT

TODAY WE ANSWER YOUR QUESTIONS ABOUT:

  • COVERED CALLS
  • GREEKS
  • TVIX

Jul 01 2020

29mins

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OBC 92: The Tragic Consequences Of A Lack Of Options Education

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OBC 92: THE TRAGIC CONSEQUENCES OF A LACK OF OPTIONS EDUCATION

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: ERIC METZ, SPIDERROCK ADVISORS

BASIC TRAINING SEGMENT - EARLY ASSIGNMENT TRAGEDY

  • THOUGHTS ON EARLY ASSIGNMENT OF SHORT PUTS. RISKS/REWARDS/TIPS/TRICKS?
  • EXAMPLE OF AN UNPLANNED DEBIT AFTER SELLING A PUT SPREAD

Jun 24 2020

28mins

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OBC 91: Your Questions About Diagonals, Negative Rates, USO and More

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OBC 91: YOUR QUESTIONS ABOUT DIAGONALS, NEGATIVE RATES, USO AND MORE

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: BRIAN OVERBY, ALLY INVEST

MAIL CALL SEGMENT

Today we answer your Qs about:

  • Diagonals / Strike Price Placement
  • Option Prices and Negative Interest Rates
  • The USO Adjustment
  • and more..

Jun 17 2020

29mins

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OBC 90: Let’s Talk Iron Condors

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OBC 90: Let’s Talk Iron Condors

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: BRIAN OVERBY, ALLY INVEST

BASIC TRAINING SEGMENT - IRON CONDORS

  • WHAT IS AN IRON CONDOR?
  • EXAMPLES OF IRON CONDORS.
  • WHEN DO YOU WANT TO USE AN IRON CONDOR?
  • WHEN DO YOU NOT WANT TO USE AN IRON CONDOR?
  • WHAT ARE SOME MISTAKES THAT PEOPLE MAKE WHEN TRADING AN IRON CONDOR?

MAIL CALL

  • WE ANSWER YOUR ADDITIONAL QUESTIONS ABOUT TIME SPREADS/CALENDAR SPREADS.

Jun 10 2020

32mins

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OBC 89: Mail Call - Even More Questions About Time Spreads

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OBC 89: Mail Call - Even More Questions About Time Spreads

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: MATT AMBERSON, FOUNDER, ORATS

MAIL CALL

  • QUESTION FROM SCOTT SOMER: IF YOU CHOOSE TO DIAGONALIZE YOUR TIME (CALENDAR SPREAD) DO YOU PREFER TO MOVE ONE OPTION TO CREATE "CREDIT SPREAD DIAGONAL" OR "DEBIT SPREAD DIAGONAL?"
  • QUESTION FROM INDELIA: WHAT IS THE RIGHT ENVIRONMENT FOR A TIME SPREAD? 
  • QUESTION FROM B6: I’VE MOSTLY HEARD IT SAID THAT THE MOST YOU CAN LOSE ON A TIME SPREAD IS THE AMOUNT YOU PAY FOR IT. BUT SINCE YOU’RE SHORT MORE GAMMA THAN YOU ARE LONG CAN’T YOU POTENTIALLY GET HIT IN AN EXTREME MARKET DOWNTURN WHERE YOU ARE LOSING MORE ON FRONT CONTRACT THAN MAKING ON SECOND CONTRACT.
  • QUESTION FROM CARMELA: WE’RE ALL LIVING IN A POST-WTI WORLD RIGHT NOW. DO YOU THINK WE’LL SEE MORE COMMODITY PRODUCTS TRADE NEGATIVE IN THE NEAR FUTURE? IF SO, DOES THAT CHANGE HOW WE THINK ABOUT RISK FOR SUPPOSEDLY “LIMITED RISK” TRADES LIKE TIME SPREADS?

Jun 03 2020

30mins

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OBC 88: Time Spread Mt. Vesuvius

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OBC 88: Time Spread Mt. Vesuvius

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: MATT AMBERSON, FOUNDER, ORATS

BASIC TRAINING SEGMENT - TIME SPREADS

  • WHAT IS A TIME SPREAD/CALENDAR SPREAD?
  • EXAMPLES OF TIME SPREADS
  • WHY TRADE TIME SPREADS?
  • WHAT IS THE OPTIMAL SCENARIO FOR A TIME SPREAD?
  • WHAT IS A DIAGONAL?
  • EXAMPLES OF A DIAGONAL

MAIL CALL

WE ANSWER YOUR QUESTIONS ABOUT TIME SPREADS/CALENDAR SPREADS.

May 26 2020

36mins

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OBC 87: Your Qs About Time Spreads, Closing Calls and More

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OBC 87: Your Qs About Time Spreads, Closing Calls and More

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.
  • NASDAQ HOT SEAT: LUKE RAHBARI, EQUITY ARMOR INVESTMENTS 

MAIL CALL SEGMENT

Today we answer your Qs about:

  • Closing long calls
  • When to trade time spreads
  • Weekly gamma vs. vega - round 2
  • and more..

May 20 2020

31mins

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OBC 86: Beware of Box Spreads

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OBC 86: Beware of Box Spreads

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING
  • NASDAQ HOT SEAT: LUKE RAHBARI, CEO, EQUITY ARMOR INVESTMENTS

BASIC TRAINING SEGMENT - BOX SPREADS

  • WHAT IS A BOX SPREAD?
  • WHO USES THESE? 
  • WHAT IS THE USE CASE? IS THERE EVER A GOOD REASON FOR TRADERS TO USE THEM?
  • WHY DO SOME BROKERS & TRADERS GET INTO TROUBLE WITH THESE SEEMINGLY SIMPLE SPREADS?

MAIL CALL

WE ANSWER ALL OF YOUR QUESTIONS ABOUT USO

May 13 2020

33mins

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OBC 85: Your Qs About Options Mistakes, Earnings Volatility and More

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OBC 85: Your Qs About Options Mistakes, Earnings Volatility and More

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • NASDAQ HOT SEAT: RUSSELL RHOADS, EQ DERIVATIVES

MAIL CALL

  • QUESTION FROM Daniel P Kuczero: What are your thoughts on financially engineering an options strategy to get consistent 8% returns? This is listed on Swan’s marketing - I wonder if it is pointed toward them???
  • QUESTION FROM THEGRATE: Does anyone offer a pre-earnings straddle basket that you can buy to trade a large number of events at once?
  • QUESTION FROM Stockpicker320: If the stock market was closed during the expiration date and I owned “In the money” Call options I would assume that there would be a mechanism in place and my broker, TD Ameritrade, would still allow me to execute them before the Expiration Date on their website or by calling them. At the Expiration Date “In the Money” options get exercised automatically by TD Ameritrade as long as they are in the money by 0.01. It could be very dangerous if the Call options were only in the money by a few cents because the stock price could gap down when the stock market finally opened which could result in a big loss if I had a lot of options which controlled many shares of a stock. If my Call options were only in the money by a few cents I would call TD Ameritrade before the expiration date and ask them “Do Not Exercise” the options. Unfortunately this can’t be done on their website and must be done by a phone call.
  • RELATED QUESTION FROM Mike Wienick: If the markets are shut down due to The extraordinary circumstances and I have expiring in the money puts that I  bought - what happens?  Are the expiring options automatically exercised or do they just expire worthless because the market was shut down?
  • RELATED QUESTION FROM NNJ66: What happens if the stock is halted or exchanges are shut down when I own puts?
  • COMMENT FROM Michael Pledgure: Lets see if the S&P 500 will break to new highs and continue this time?
  • COMMENT FROM Malibu Invest: Two words; long tankers. RE: MASSIVE SELLOFF IN CRUDE OIL
  • QUESTION FROM JAY JONES: I generally trade for credit; either vertical spreads or iron condors. My question for you today is: what is the benefit to trading a pure call or put condor, vs an iron condor? The risk/reward profiles at expiration are identical, but it seems like theta decay doesn't help the call condor or the put condor as much as it helps the iron condor. Can you give an example or discuss when the call condor or the put condor makes more sense than the iron condor? Thanks so much, and keep up the great work!

May 05 2020

31mins

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OBC 84: Crude Oil Mythbusting, Ratio Put Spreads and More

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OBC 84: CRUDE OIL MYTHBUSTING, RATIO PUT SPREADS AND MORE

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.
  • NASDAQ HOT SEAT: RUSSELL RHOADS, EQ DERIVATIVES

TOPICS:

THOUGHTS ON THE INSANITY IN THE CRUDE OIL MARKET?

SHORT PUTS/PUT SPREADS VS. RATIO PUT SPREADS

MAIL CALL

QUESTION FROM BUCKEYE: WHAT IS THE ONE MISTAKE THAT YOU SEE THE MOST OFTEN WITH NEW OPTIONS TRADERS?

Apr 29 2020

28mins

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OBC 83: Pandemic Mail Call Palooza

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OBC 83: Pandemic Mail Call Palooza

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.
  • NASDAQ HOT SEAT: TONY ZHANG, OPTIONSPLAY

MAIL CALL

  • QUESTION FROM ELLE76: WHAT MATTERS MORE WHEN TRADING WEEKLY  OPTIONS - GAMMA OR VEGA?
  • QUESTION FROM DRAKE: I'M CONFUSED. WHAT IS THE DIFF BTWN NDX AND NDXP? 
  • QUESTION FROM THOM: THANK YOU FOR YOUR GREAT OPTIONS BOOT CAMP PROGRAM. I’VE BEEN DEVOURING ALL THE EPISODES. I REALLY WANT TO TRADE OPTIONS NOW BUT I’M SCARED BY THESE MARKETS. I WAS LOOKING AT SOME PUTS YESTERDAY AND THEY NEARLY $2 WIDE FOR A TWO-WEEK, 5% OTM PUT. I DIDN’T REALLY KNOW WHAT TO DO WITH THAT MARKET. TRADING ON EITHER THE BID OR THE OFFER LOOKED LIKE A SURE LOSER. DO YOU GUYS HAVE ANY TIPS FOR TRADING IN THESE ESPECIALLY VOLATILE, AND WIDE, MARKETS? THANKS AGAIN FOR THE SHOW AND THE WHOLE NETWORK. KEEPING ME SANE IN MY HOUSE RIGHT NOW.
  • QUESTION FROM VANDANGO: IS IT TRUE THAT MOST PRO TRADERS SHORT VOLATILITY?

Apr 22 2020

33mins

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OBC 82: Talking Time Spreads, Short Puts and Micromarkets

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OBC 82: Talking Time Spreads, Short Puts and Micromarkets

  • HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
  • CO-HOST: DAN PASSARELLI, MARKET TAKER MENTORING.
  • NASDAQ HOT SEAT: TONY ZHANG, OPTIONSPLAY

Mark, Tony and Dan discuss whether long straddles still work, the proper way to structure time spreads in this environment, short puts vs. credit call spreads, selling puts in USO and much more.

Apr 15 2020

30mins

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OBC 81: Pandemic Special

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Options Boot Camp 81: Pandemic Special 

You asked for it -you got it! Mark and Dan put the drill instructor hats back on for a special pandemic-themed episode. 

Options Drills Segment

They start by breaking down their preferred options trades for this volatile environment. 

Mail Call

Mark and Dan wade into the mail bag to answer your questions about theta decay,  levered ETPs vs. options, the Schwab/TD merger and much more. 

Mar 18 2020

57mins

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Options Boot Camp 80: Holiday Options Mythbusting

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Options Boot Camp 80: Holiday Options Mythbusting   HOST: Mark Longo, The Options Insider Media Group CO-HOST: Dan Passarelli, Market Taker Mentoring  

On this episode of Options Boot Camp, Mark and Dan discuss:

  • Should you write ITM covered calls?
  • Covered calls versus naked short puts?
  • Busting the most common options myth.
  • And much more...

Jan 01 2020

23mins

Play

iTunes Ratings

63 Ratings
Average Ratings
42
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4
2

IRRguy

By Chicago201489 - Apr 16 2020
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Great options show with varying opinions on strategies. Easy listens

Very Educational

By Allen_tpa - Mar 31 2014
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Great show. Very educational and easy to understand. Keep up the good work!