Ep15 - OG CC Setups (part I) Wealth Building With Options podcast

38:47

Dan Passarelli is joined by Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac , to talk seasonality, market cycles, and the powerful edge of timing your trades around historical patterns. From family legacy to tactical trade execution, Jeff breaks down how decades of research—plus some good old-fashioned intuition—can give traders a powerful boost. What You’ll Learn in This Episode: Why "Buy in October and get your portfolio sober" might be better advice than “Sell in May and go away” The most reliable fundamental metric for selecting value stocks How Jeff’s family legacy shaped the Stock Trader’s Almanac—and how he came to embrace it The surprising consistency of intraday trading patterns in a high-frequency world Using seasonality with options: When to sell puts and calls for maximum edge The power of the “best six months” and how to trade them with covered calls Seasonal volatility trends—especially around August through October Insights into election year cycles and how political shifts affect markets A personal side of Jeff Hirsch: music, Broadway, and producing a musical inspired by The Elephant Man Featured Guest: Jeffrey Hirsch Editor-in-Chief, Stock Trader’s Almanac Market historian, strategist, and student of behavioral finance Resources Mentioned: Stock Trader’s Almanac Learn more about Dan Passarelli and Market Taker Mentoring at MarketTaker.com Subscribe & Share: If you found this episode valuable, help us grow the Wealth Building With Options community: Subscribe on your favorite podcast app Share with a fellow trader Leave us a 5-star review to let others know this show helps real investors get real results…

Wealth Building With Options

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Ep16 - OG CC Setups (part II) 45:13

7 days ago45:13

45:13

Welcome back to Wealth Building with Options ! In this episode, we’re diving deep into a trader's secret weapon: the Trade Objective of the covered call strategy — specifically, using covered calls to strategically exit a stock position. If you’ve ever wondered: How do I get the most out of a stock I already own? What role does theta really play in my premium income? How do I avoid leaving money on the table — or getting assigned too early? …this episode is for you. Dan Passarelli breaks down the nuances of “trading out of a stock you own” through smart strike selection, theta analysis, and volatility evaluation — and shares how to do it with confidence, precision, and better returns. Here’s what you’ll learn: Why traders should treat their trading like a real business — not a side hustle The difference between the Skate Objective and the Trade Objective in covered calls How theta, volatility, and time to expiration impact the effectiveness of your trade The concept of aggregate theta and how to use it to compare expirations for maximum premium collection Why tight bid/ask spreads and avoiding earnings dates are critical to your setup The pros and cons of selling calls on stocks trading near all-time highs How to incorporate both technical resistance and dividend timing into your decision-making Special Guest: John Kmiecik Dan is joined by trader and educator John Kmiecik, who shares his practical perspective on using theta and premium analysis to fine-tune covered call trades. They dig into real examples, including John’s experience with Comcast shares, and discuss how sometimes the best trade is the one you don’t make . Listener Challenge: Think about a stock you own that you’d consider selling at a higher price. Would a covered call help you exit at that level while collecting cash along the way? What would make it worth it — and what wouldn’t? Resources & Mentions: Dan's Substack – https://wealthbuildingwithoptions.substack.com for video extras, trade breakdowns, and AMA access Episode 10 with Dr. Russell Rhoads Episode 13 with Steven Sears Subscribe now so you don’t miss Episode 17, featuring a very special guest and even more ways to take your option trading to the next level. Ready to treat your trading like a business? This is where you start. Disclaimer: Options involve risk and are not suitable for all investors. Read the Characteristics and Risks of Standardized Options before trading. https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf To learn more about Dan Passarelli and Market Taker Mentoring, visit MarketTaker.com .…

Wealth Building With Options

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Ep15 - OG CC Setups (part I) 41:55

14 days ago41:55

41:55

In this deep-dive episode, Dan Passarelli lays out the OG Covered Call setup—the foundational approach to trading covered calls that every serious trader should understand. This episode is Part 1 of a two-part series that walks through the “Skate” Objective—a strategy focused on collecting premium while avoiding assignment. Dan brings together technical chart analysis, volatility evaluation, and decades of options expertise to show you how to set up covered calls with confidence and precision. Key Takeaways Why sell options only when volatility is overpriced — and how to determine when that is The importance of stock price and liquidity when choosing covered call candidates Avoid earnings events and other scheduled volatility shocks that can ruin setups The 10% Rule to minimize slippage and improve execution Using technical resistance to “skate” profitably without getting assigned Chart types explained (candles vs. bars vs. lines) and why candlesticks can give you an edge How to evaluate volatility using the “1-2-3 Volatility Analysis”: Tools & Concepts Covered Covered Calls vs. Cash-Secured Puts Option Chain Analysis Implied Volatility (IV) vs. Historical Volatility (HV) Resistance and Inflection Points Strike Proximity and “Wiggle Room” Using 6-month daily candle charts for timing and strike selection Join the Community Enjoying the podcast? Help grow the community: Share the podcast with other traders Subscribe in your favorite podcast app Leave a review to support the show Join the Wealth Building With Options Substack at https://wealthbuildingwithoptions.substack.com Disclaimer Options involve risk and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options before trading. https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf…

Wealth Building With Options

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Ep14 - Greek Geekery and Skewed Truth 32:36

21 days ago32:36

32:36

Episode Summary: In this episode, Dan dives into one of the most misunderstood aspects of options trading: the Greeks — and more importantly, where the real edge in trading actually comes from. Contrary to what many novice traders believe, theta is not the edge. The real advantage lies in volatility and skew. With practical examples and 30 years of trading experience, Dan breaks down how delta works, why traders often misinterpret theta, and how cash-secured puts and covered calls use volatility pricing to your advantage. In This Episode, You’ll Learn: Why theta is not a reliable trading edge, despite popular belief How delta works in directional trading and how to simplify its meaning The true nature of short puts and why they behave like bullish stock positions How risk premium gives option sellers an advantage Why options behave like insurance policies — and how that helps traders What volatility skew is and how to recognize it How covered calls and cash-secured puts benefit from implied volatility mispricing Key Concept: Delta isn’t just a Greek — it’s the sensitivity of an option’s price relative to the underlying stock. When you understand how delta mirrors share ownership, your perspective on options changes completely. And when you understand skew, you start trading with a real edge. Additional Resources: To access bonus video content, trade adjustments, and subscriber-only episodes, visit: wealthbuildingwithoptions.substack.com Support the Show: Share this podcast with fellow traders and subscribe to your favorite app so you don’t miss the next episode. A quick review or rating helps the show grow and reach more traders like you. Disclaimer: Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before investing. Link: https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf…

Wealth Building With Options

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Ep13 - The Golden Age of Options: A Conversation with Steven Sears 45:18

28 days ago45:18

45:18

Episode 13 – The Golden Age of Options: A Conversation with Steven Sears In this episode of Wealth Building With Options , Dan Passarelli sits down with one of the most influential voices in the options world—Steven Sears. A former senior editor at Barron’s , senior advisor to the Philadelphia Stock Exchange, and a key figure in the rise of electronic options trading, Sears brings decades of front-line experience and deep insight into how options can transform a portfolio. In this wide-ranging and insightful conversation, you’ll discover: Why we’re entering a “golden age” for options—and what it means for everyday investors The power of compounding through covered calls and cash-secured puts How top professionals select stocks to complement options strategies Why managing volatility is more essential than ever in today’s market The shift from speculative trading to disciplined, process-based investing What most investors misunderstand about selling options—and how to fix it The mindset that separates consistent winners from everyone else Whether you're new to options or looking to sharpen your edge, this episode will challenge your assumptions, reframe your strategy, and inspire confidence in a smarter, steadier approach to building wealth. Listen now and hear how Steven Sears sees the evolving landscape—and how you can thrive in it. For more information about Dan Passarelli join him on Substack at https://wealthbuildingwithoptions.substack.com Options Disclosure: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, you must receive a copy of Characteristics and Risks of Standardized Options , also known as the options disclosure document (ODD). It is available at https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document.…

Wealth Building With Options

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Ep12 - I've Reached My Limit 33:39

5 weeks ago33:39

33:39

Episode Summary: In this episode, Dan Passarelli breaks down a powerful trading concept: using cash-secured puts as a smarter, more strategic version of limit orders. If you've ever hesitated about assignment or second-guessed a put trade, this episode is for you. Dan shares real-world stories (including a Vegas twist involving a mastermind event that… wasn’t) and psychological lessons from 7,000+ trading days. He explains why assignment shouldn’t be feared, how premium collection changes the math on your trade entries, and how traders often let emotion sabotage what could be great opportunities. Later, Dan welcomes back John Kmiecik, a trading coach who’s worked with hundreds (maybe thousands!) of students on mastering this mindset. Together, they explore: Why traders often fear assignment more than they should How selling puts is like getting paid to place a limit order Real trading examples from John (including his recent strategy with Comcast) The psychological traps that can derail traders — and how to avoid them Tactical advice for identifying price levels where you're truly comfortable owning stock Key Takeaways: Assignment isn’t failure — it's part of the plan when using puts to enter stock positions. Cash-secured puts can lower your effective purchase price, even without assignment. Psychology is everything. Fear, regret, and hesitation often cost more than any bad trade. A put that doesn’t get assigned? You still keep the premium. That’s the hidden win. Planning your response before you enter a trade is the key to long-term consistency. Next Steps: Subscribe to Dan’s Substack, https://wealthbuildingwithoptions.substack.com for Video Extras, trade recaps, and monthly AMA sessions. To work with Dan and John you can connect with them at Markettaker.com Options involve risk and may not be suitable for all investors. Read Characteristics and Risks of Standardized Options before investing. https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf…

Wealth Building With Options

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Ep11- Cash-Secured Puts: The Brother from Another Mother 50:15

6 weeks ago50:15

50:15

In this episode, Dan dives into a powerful but often misunderstood options strategy: the cash-secured put. Often considered the sibling of the covered call, this strategy blends the best of investing discipline with the premium-collecting power of options trading. What You’ll Learn: Why Dan used to hate cash-secured puts—and what changed his mind How selling puts can feel like setting a “limit order with benefits” The psychology behind financial freedom and higher-frequency trading The critical difference between trading and investing mindsets When assignment is part of the plan (and how to make that work for you) Key mechanics of the trade: risk, reward, and break-even calculations Real-life example: selling puts on WXYZ (Wanda’s Extra Yarn & Zippers Inc.) Why many traders stress less with cash-secured puts than with covered calls Special Segment: Dan brings on options coach John Kmiecik to talk about: How traders use cash-secured puts in one-on-one coaching sessions Why this strategy might be less stressful than covered calls How to manage trades if you don’t want to be assigned The role of sizing, account value, and portfolio allocation when using this strategy Common pitfalls like averaging down without a plan Bonus for Subscribers: Paid subscribers get access to: Video extras that break down P&L diagrams for cash-secured puts Real trade examples from Dan’s IRA Monthly Ask Me Anything sessions and more Subscribe on Substack at: wealthbuildingwithoptions.substack.com Key Quote: “Cash-secured puts aren’t just trades — they’re a mindset shift. They’re how investors say, ‘I’ll buy the stock… but only at my price.’” Before Investing in Options download Characteristics and Risks of Standardized Options https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf…

Wealth Building With Options

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Ep10 - Jumping into the Deep End of Covered Calls with Russell Rhoads 46:18

7 weeks ago46:18

46:18

Episode Summary: In this special episode, Dan Passarelli is joined by longtime friend and options expert Russell Rhoads—Associate Clinical Professor at Indiana University, former CBOE educator, and seasoned trader. They dive deep into real-world options education, covering everything from teaching college students about derivatives to building structured outcomes with options. Topics Covered: Why concepts matter more than complex math when teaching options Covered calls and cash-secured puts as strategic investing tools How to use implied volatility (IV) and the at-the-money straddle for strike selection Surprising insights from Russell’s backtest on covered call strategies during earnings weeks The evolving perception of options in retail vs. institutional circles Understanding the VIX term structure and what today’s flat curve might be signaling How to “become the issuer” of your own structured product using options Why selling options—especially in calm markets—can give you the edge Tips for navigating earnings season with confidence Key Takeaways: A consistent covered call strategy can outperform buy-and-hold—especially if you exit during earnings weeks The at-the-money straddle is a powerful, underused tool for estimating expected moves and timing trades Retail traders can learn to structure their own risk and reward profiles, just like institutional structured products The VIX futures term structure reveals market uncertainty—and today's unusual flat curve might be a red flag Guest Bio: Russell Rhoads is an experienced options educator, researcher, and practitioner. He teaches at Indiana University’s Kelley School of Business and consults with financial exchanges. Previously, he was the Director of Education at the CBOE’s Options Institute. Resources Mentioned: Learn more about Dan: MarketTaker.com For options disclosures: Characteristics and Risks of Standardized Options (PDF)www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf Subscribe & Review: Don’t miss the next episode, “Cash-Secured Puts: The Brother from Another Mother” – Subscribe now and leave a review to help grow the Wealth Building With Options community!…

Wealth Building With Options

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Ep9 - Effing Around and Finding Out Why Covered Calls Work 50:06

8 weeks ago50:06

50:06

Welcome back, Wealth Builders! In this episode, Dan Passarelli takes a deep dive into why covered calls continue to outperform the market over time— but only when done right . If you've ever wondered what gives covered calls their edge, this is your episode. Key Topics Covered The Truth Behind Covered Calls: Why the strategy works statistically—but why most investors still fail with it. The Option Greeks Breakdown: Delta (directional sensitivity) Theta (time decay) Vega (volatility sensitivity) The Hidden Edge: Risk Premium: How options have historically been overpriced since the 1987 crash, and how sellers can benefit. Volatility & Market Inefficiency: A critique of the Efficient Market Hypothesis and what it means for options traders. Why Repetition Matters: The compounding edge of consistently selling covered calls over time. Guest Interview: Henry Schwartz, VP of Market Intelligence at Cboe Global Markets, shares expert insights into the structural reasons options tend to be overpriced and how sellers can harness that edge. “The price one can sell an option for is greater than the value it adds. That’s the whole magic of covered calls.” – Dan Passarelli Free Gift: Covered Call Strategy Guide Leave a review on Apple Podcasts, Spotify, or wherever you listen. Then: Take a screenshot of the review. Post it to our Substack or on social media. Use the hashtag #WBWO. And we’ll send you Dan’s Covered Call Strategy Guide for free! Mentioned in This Episode Dan’s book: Trading Option Greeks Black-Scholes Model origins Ken Griffin’s early arbitrage trades at Harvard University of Chicago’s Efficient Market Theory CBOE Global Markets and options data insights - https://go.cboe.com/l/77532/2025-02-13/flrl76/77532/1739470545lScFNDr9/State_of_Industry_January_2025_NEW.pdf Tools for Traders Learn more about Dan at MarketTaker.com Subscribe to our Substack Newsletter https://wealthbuildingwithoptions.substack.com Follow Dan on social media Instagram- https://www.instagram.com/markettakermentoring/ YouTube- https://youtube.com/markettakermentoring Twitter- https://twitter.com/Dan_Passarelli Facebook- https://www.facebook.com/markettaker Don't miss Episode 10 with a very special surprise guest—someone with game-changing insight into options trading that you won’t want to miss. Until then... Invest excellently.…

Wealth Building With Options

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Ep8 - They Lied to You! (Not) Why Covered Calls Work 44:38

9 weeks ago44:38

44:38

Episode Summary: In this eye-opening episode, Dan Passarelli challenges the common misconceptions surrounding covered calls. While most traders focus on “why” covered calls work, Dan flips the script and digs into the false narratives and misguided logic that lead investors astray. Dan explains why some of the most popular justifications for trading covered calls are intellectually lazy—and how overlooking key factors like option pricing models and probability curves can lead to missed opportunities or unnecessary losses. This episode lays the foundation for next week’s deeper dive into the true reason covered calls work. Key Takeaways: You’ve been misled: Many reasons given for why covered calls "work" are based on flawed logic, not solid data. Probability ≠ Profit: High-probability trades don’t always equal good trades—context and pricing matter. The 3 flawed logics covered call traders often fall into: The premium isn’t worth the risk. Assignment means “losing money.” Covered calls always add value, so trade them blindly. What really matters: Understanding the options pricing model, probability curves, and the indifference point. Analogy alert: Dan compares covered calls to buying a car—price must reflect value or the deal isn’t worth it. Guest Insight: Henry Schwartz of Cboe Global Markets joins to share data-backed insights into how buy-write strategies are used and who’s trading them. Featured Concepts: Log-normal distribution curves and probability modeling Indifference point explained with a $119/$122 call example Options pricing mechanics: volatility, time, interest rates How pricing impacts strategy effectiveness Special Offer: Leave a review for the podcast on Apple Podcasts, Spotify, or your preferred platform. Then screenshot your review and post it to our Substack or social media with the hashtag #WBWO. We’ll send you Dan’s Covered Call Strategy Guide PDF—free. Resources Mentioned: Wealth Building With Options on SubStack- https://wealthbuildingwithoptions.substack.com/ MarketTaker.com – Learn more about Dan Passarelli and his work https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf ) Connect with Henry Schwartz and Cboe Global Markets at cboe.com…

Wealth Building With Options

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Ep7 - The Future of Options Trading with Fidelity’s Greg Stevens 42:43

10 weeks ago42:43

42:43

Episode Summary: In this special Thought Leader Series episode of Wealth Building with Options , host Dan Passarelli sits down with longtime friend and industry veteran Greg Stevens, Vice President of Options Strategy at Fidelity Investments. With nearly 30 years of experience across firms like Charles Schwab, the CBOE, and now Fidelity, Greg shares how the options trading landscape has evolved and why education remains the cornerstone of trading success. From the early days of dial-up trading to today's powerful digital platforms, Greg and Dan explore how strategy, risk management, and planning shape trader outcomes. This episode is packed with real talk on covered calls, cash-secured puts, credit spreads, investor mistakes, how Fidelity supports options traders—and why having a trading plan matters more than ever. Key Topics Covered: Greg’s journey into the options world (and how he was “dragged” in) Why options education is critical in today’s trading environment The evolution of self-directed trading and investor expectations Most popular options strategies among Fidelity clients The real reasons covered calls and cash-secured puts are so popular What separates successful traders from those who struggle Why planning for profits and losses is essential Fidelity’s tools, including commission-free closing of short options under $0.65 Greg’s favorite books and movies on trading (hint: Trading Places is a classic) Resources Mentioned: Characteristics and Risks of Standardized Options (Options Disclosure Document)-https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf Learn more about host Dan Passarelli: www.markettaker.com Books referenced: Options as a Strategic Investment by Lawrence G. McMillan Trading Options Greeks by Dan Passarelli Trading Index Options by Dan Bittman Final Takeaway: “Even a bad plan is better than no plan at all. You can adjust a bad plan—but you can’t fix what doesn’t exist.” Subscribe & Stay Informed: If you enjoyed this episode, please subscribe, leave a review, and share it with fellow traders looking to level up their options game. Subscribe on your favorite podcasting platform or on https://wealthbuildingwithoptions.substack.com…

Wealth Building With Options

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Ep6 - How Covered Calls Work 39:37

11 weeks ago39:37

39:37

Episode Summary: In this meaty episode of Wealth Building with Options , host Dan Passarelli breaks down one of the most powerful strategies for investors—covered calls. Whether you're a beginner looking to understand the basics or an experienced investor searching for new insights, this episode dives into the mechanics of covered calls, why they work, and how to use them effectively to enhance portfolio performance. Dan explains the key principles behind covered calls, including risk management, profit potential, and why this strategy remains a staple for successful investors. He also discusses real-world applications, shares a practical covered call example, and introduces the importance of risk graphs (P&L diagrams) for visualizing potential outcomes. Plus, Dan highlights how covered calls can be modified and adapted to fit different investing styles, including conservative long-term wealth-building and active trading approaches. Key Topics Discussed: What is a Covered Call? Breaking down its structure and purpose. The Two Components of a Covered Call: Stock ownership and short call options. Why Covered Calls Work: How they generate additional income while managing risk. Profit & Risk Scenarios: What happens if the stock price rises, falls, or stays flat. Real-World Example: Applying covered calls to a hypothetical stock trade. Advanced Considerations: Adjusting covered calls, selecting strike prices, and expiration dates. Common Mistakes & How to Avoid Them: Ensuring you maximize your covered call returns. Dan also encourages listeners to help grow the Wealth Building with Options community by leaving a review and subscribing to the show. As a special incentive, listeners who post a review and submit proof on social media with the hashtag #WBWO will receive a free Covered Call Strategy Guide via the podcast’s Substack page. Exclusive Subscriber Benefits: Paid subscribers receive bonus video content, detailed trade breakdowns, and access to a monthly Ask Me Anything (AMA) session. Join at wealthbuildingwithoptions.substack.com for in-depth resources and direct engagement with Dan and his team. What’s Next? This episode is the first part of a two-episode series on covered calls. The next installment, Episode 7: Why Covered Calls Work , will explore the deeper reasoning behind this strategy, including statistical advantages, behavioral finance insights, and how institutions use covered calls to outperform the market. Subscribe & Stay Updated! Never miss an episode—subscribe to Wealth Building with Options on your favorite podcast platform. Disclaimer: Options involve risk and are not suitable for all investors. Before buying or selling an option, read Characteristics and Risks of Standardized Options https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf…

Wealth Building With Options

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Ep5 - Options: Better Tools 44:53

12 weeks ago44:53

44:53

Episode Summary: In this episode of Wealth Building with Options , host Dan Passarelli explores the foundational concepts of options trading. Using relatable analogies, Dan breaks down the mechanics of options, explaining calls, puts, and their practical applications. Additionally, he discusses how options function as financial tools for risk management, investment growth, and wealth protection. Special guest John Kmiecik, Head Coach at Market Taker Mentoring, joins the conversation to share his insights from years of experience working with traders. Together, Dan and John dive into the psychology of trading, the advantages of selling premium, and why many traders transition from buying options to selling them. They also touch on the importance of developing consistent trading habits and how covered calls and cash-secured puts can serve as powerful strategies for investors. Key Topics Discussed: Understanding Options Through Analogies: Comparing options to insurance, gas price guarantees, and even pizza coupons. Defining Calls and Puts: Explanation of how each type of option works and how they can be utilized by traders. Options as Financial Contracts: Exploring how options serve as tools for hedging risk, leveraging investments, and increasing portfolio efficiency. Common Misconceptions About Options Expiration: Understanding statistics around exercised, expired, and closed options. The Psychology of Options Trading: How trader mindset affects decision-making and success. Why Selling Options is a Popular Strategy: Examining the benefits of selling premium for generating income and managing risk. The Importance of Habit Formation in Trading: How discipline and repetition lead to better financial outcomes. Preview of Future Episodes: A look ahead to covered call strategies and their wealth-building potential. Guest Spotlight: John Kmiecik John Kmiecik, the Head Coach at Market Taker Mentoring, has extensive experience educating traders. With a background that includes working with Goldman Sachs and a hedge fund, John has helped thousands of traders develop strategies for long-term success. In this episode, he shares insights on the advantages of selling premium and the importance of understanding both sides of the options market. Actionable Takeaways: Start viewing options as financial contracts that can be leveraged for portfolio growth and risk management. Consider the advantages of selling options as part of your trading strategy. Focus on habit formation to build consistency in trading. Stay tuned for the next episode, which will cover covered call strategies in depth. Resources Mentioned: See Dan and John's trade ideas on SubStack-https://wealthbuildingwithoptions.substack.com Market Taker Mentoring: MarketTaker.com Characteristics and Risks of Standardized Options: https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf Subscribe & Stay Updated! Never miss an episode—subscribe to Wealth Building with Options on your favorite podcast app. Episode 6 will cover covered call trading and how it can help investors generate wealth faster.…

Wealth Building With Options

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Ep4 - Guest Episode: Mark Benzaquen, Principal at OCC Education 59:36

12 weeks ago59:36

59:36

Episode Summary: In this special guest episode of Wealth Building with Options , host Dan Passarelli sits down with Mark Benzaquen, a principal at the Options Clearing Corporation (OCC). Mark shares his journey from the trading floor to investor education, shedding light on the critical role of the OCC in the options trading ecosystem. This episode dives into key aspects of options trading, risk management, and the importance of financial education. Key Topics Discussed: Mark’s Background & Career Journey From trading floor clerk to brokerage side and eventual transition into investor education. How his experience on the floor shaped his understanding of options trading. Understanding the OCC’s Role in the Market The OCC as a Central Counterparty (CCP) ensuring market stability. Why the OCC is crucial for clearing and settlement in options trading. How the OCC safeguards investors and maintains financial market integrity. Investor Education and Market Awareness The OCC’s efforts in providing free education through the Options Industry Council (OIC). Resources available to traders and financial advisors to improve their options knowledge. How the OCC ensures investors are informed about market complexities. Challenges of Transitioning from the Trading Floor to Investor Education The skills that traders acquire on the floor and their applicability in the broader financial industry. The misconception that options trading is a zero-sum game. Common Pitfalls and Challenges Faced by Options Traders Lack of awareness around corporate actions and their impact on options contracts. The risks of after-hours trading and unexpected assignments. Understanding complex strategies like iron condors and iron butterflies. The importance of planning trades and managing risk effectively. The Wheel Strategy: Benefits & Challenges How covered calls and cash-secured puts can be integrated into a long-term strategy. Common struggles investors face when implementing the wheel strategy. The necessity of being prepared for potential assignments and stock ownership. The Growth of Options Trading & Changing Demographics The rise of younger investors in the options market post-pandemic. The shift in trading volumes over the past decades. The role of education in fostering responsible trading practices. Live Music & Personal Interests Mark and Dan discuss their shared passion for live music and upcoming concerts. Favorite concert experiences, including Red Rocks and the Sphere in Las Vegas. Resources & Links: Learn more about Options Clearing Corporation (OCC): www.optionsclearing.com Explore free options education with the Options Industry Council (OIC): www.optionseducation.org Check out Dan Passarelli’s work at Market Taker Mentoring: www.markettaker.com Read the Characteristics and Risks of Standardized Options https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf. Make sure to join the SubStack Community at https://wealthbuildingwithoptions.substack.com/ for more wealth building insights, trade examples, and bonus podcast videos. Final Thoughts: Mark Benzaquen’s expertise in investor education makes this episode a must-listen for traders at all levels. Whether you're new to options or a seasoned investor, understanding the infrastructure behind the market and how to navigate it efficiently is crucial.…

Wealth Building With Options

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Ep3 - How Wealth is Created in the Stock Market 40:34

13 weeks ago40:34