Podcast appearances and mentions of dan passarelli

Are prediction markets like Kalshi and Polymarket a rip-off for retail traders? In this episode of Options Boot Camp, drill instructors Mark Longo and Dan Passarelli break down the exact math behind prediction market fees and compare them directly to equity options commissions. They tackle the biggest complaints about event contract fees, payment for order flow, and why wide bid-ask spreads might actually be a bigger problem than the commissions themselves. The mailbag is also packed with listener questions covering the vertical integration of crypto brokers buying exchanges, handling tech stock crashes while running the Wheel Strategy, the fear of automatic option exercise on expiration Friday, and managing short premium positions.

The "Pattern Day Trading" (PDT) era is officially coming to an end! In this episode, Dan Passarelli and Mark Longo break down the massive regulatory shift coming on June 4th—which some are calling "Trader Independence Day." FINRA is moving away from the rigid $25,000 account minimum for active traders, but as the old saying goes: be careful what you wish for. In this episode, the drill instructors discuss: The Death of PDT: What the removal of the "four trades in five days" rule means for small accounts. The New "Dynamic" Risk Models: Why your broker might be watching you closer than ever. The Rise of Margin Calls: Is the trade-off for freedom a more aggressive liquidation environment? Zero-Day Options (0DTE): How the explosion of same-day expiration forced the regulators' hands. Implementation Timelines: Why some legacy brokers might keep you under the old rules until October 2025. Plus, we answer listener questions about the impact of this change on stock volatility and the potential for "call skews" to get bid up by a new wave of retail traders.

The "Pattern Day Trading" (PDT) era is officially coming to an end! In this episode, Dan Passarelli and Mark Longo break down the massive regulatory shift coming on June 4th—which some are calling "Trader Independence Day." FINRA is moving away from the rigid $25,000 account minimum for active traders, but as the old saying goes: be careful what you wish for. In this episode, the drill instructors discuss: The Death of PDT: What the removal of the "four trades in five days" rule means for small accounts. The New "Dynamic" Risk Models: Why your broker might be watching you closer than ever. The Rise of Margin Calls: Is the trade-off for freedom a more aggressive liquidation environment? Zero-Day Options (0DTE): How the explosion of same-day expiration forced the regulators' hands. Implementation Timelines: Why some legacy brokers might keep you under the old rules until October 2025. Plus, we answer listener questions about the impact of this change on stock volatility and the potential for "call skews" to get bid up by a new wave of retail traders.

The drill instructors are going mobile! This week, Options Boot Camp is reporting for duty live from the 2026 Options Industry Conference (OIC). Host Mark Longo is joined on-site by the "black-hatted one" himself, Dan Passarelli of Market Taker Mentoring, to break down the hottest trends and most controversial topics buzzing on the conference floor. From the rapid evolution of 0DTE (Zero Days to Expiration) options in single names to the looming reality of 24/7 equity and options trading, Mark and Dan pull back the curtain on where the industry is headed. They also dive into the "everything old is new again" trend of event contracts and prediction markets, the potential pitfalls of tokenizing Apple shares, and whether AI chatbots will soon be the ones recommending your next iron condor. In this episode, we cover: The 0DTE Explosion: A look at how single-name zero-day options became a reality despite industry skepticism. The 24-Hour Market Push: Is 24/7 trading an inevitability, and what does it mean for liquidity and "circuit breaker" rest? The "Wheel" Strategy: Dan discusses the ROI metrics you need for the Wheel and why brokers still struggle to track this strategy holistically. AI and the Virtual Pit: Can a registered chatbot truly understand your personal risk tolerance? Event Contracts & Litigation: Why the next big boom in binary options might lead to a billion-dollar battle between states and exchanges.

The drill instructors are going mobile! This week, Options Boot Camp is reporting for duty live from the 2026 Options Industry Conference (OIC). Host Mark Longo is joined on-site by the "black-hatted one" himself, Dan Passarelli of Market Taker Mentoring, to break down the hottest trends and most controversial topics buzzing on the conference floor. From the rapid evolution of 0DTE (Zero Days to Expiration) options in single names to the looming reality of 24/7 equity and options trading, Mark and Dan pull back the curtain on where the industry is headed. They also dive into the "everything old is new again" trend of event contracts and prediction markets, the potential pitfalls of tokenizing Apple shares, and whether AI chatbots will soon be the ones recommending your next iron condor. In this episode, we cover: The 0DTE Explosion: A look at how single-name zero-day options became a reality despite industry skepticism. The 24-Hour Market Push: Is 24/7 trading an inevitability, and what does it mean for liquidity and "circuit breaker" rest? The "Wheel" Strategy: Dan discusses the ROI metrics you need for the Wheel and why brokers still struggle to track this strategy holistically. AI and the Virtual Pit: Can a registered chatbot truly understand your personal risk tolerance? Event Contracts & Litigation: Why the next big boom in binary options might lead to a billion-dollar battle between states and exchanges.

The bulls are charging, and volatility is getting "taken to the woodshed." Join Mark Longo, Russell Rhoads (the "Volatility Closet" resident), and Mark Sebastian (the "Greasy Meatball") as they break down a massive week in the markets. From the "mother of all tech earnings weeks" to the generational spending on AI, the crew explores why the VIX remains under pressure despite global geopolitical turmoil and a hawkish-leaning Fed. In this episode, the team dives into: The Volatility Review: A post-mortem of the April markets, the impact of the FOMC meeting, and how mega-cap tech earnings are reshaping the volatility landscape. VIX vs. VVIX: Russell analyzes the relationship between the VIX and the "Vol of Vol," and whether the current divergence is the ultimate fade signal. Russell's Weekly Rundown: A look at the weird and wild trades hitting the tape, including a "penny" VIX binary and a 21-19-17 put fly. The Crystal Ball: The guys place their bets on where the VIX cash will settle next week. Pro Trading Crate: Announcing the April winner and the debut of Dan Passarelli's brand-new book. This episode is brought to you by tastytrade: Ready to trade the vol? Join tastytrade today and earn a double commission rebate up to $3,000 total on your stock and ETF option trades for 30 days! Visit tastytrade.com/insider for more info. (All applicable regulatory exchange and clearing fees still apply. Options involve risks and are not suitable for all investors. Offer expires May 31st, 2026. Tastytrade, Inc. is a registered broker-dealer and member of FINRA, NFA, and SIPC.)

The bulls are charging, and volatility is getting "taken to the woodshed." Join Mark Longo, Russell Rhoads (the "Volatility Closet" resident), and Mark Sebastian (the "Greasy Meatball") as they break down a massive week in the markets. From the "mother of all tech earnings weeks" to the generational spending on AI, the crew explores why the VIX remains under pressure despite global geopolitical turmoil and a hawkish-leaning Fed. In this episode, the team dives into: The Volatility Review: A post-mortem of the April markets, the impact of the FOMC meeting, and how mega-cap tech earnings are reshaping the volatility landscape. VIX vs. VVIX: Russell analyzes the relationship between the VIX and the "Vol of Vol," and whether the current divergence is the ultimate fade signal. Russell's Weekly Rundown: A look at the weird and wild trades hitting the tape, including a "penny" VIX binary and a 21-19-17 put fly. The Crystal Ball: The guys place their bets on where the VIX cash will settle next week. Pro Trading Crate: Announcing the April winner and the debut of Dan Passarelli's brand-new book. Ready to trade the vol? Join tastytrade today and earn a double commission rebate up to $3,000 total on your stock and ETF option trades for 30 days! Visit tastytrade.com/insider for more info. (All applicable regulatory exchange and clearing fees still apply. Options involve risks and are not suitable for all investors. Offer expires May 31st, 2026. Tastytrade, Inc. is a registered broker-dealer and member of FINRA, NFA, and SIPC.)

The rise of Zero Day to Expiration (0DTE) options has completely transformed the retail trading landscape, but has the market finally "squeezed the juice" out of premium harvesting? On this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into a "back-of-the-napkin" analysis of 0DTE SPX straddles. They explore whether the massive influx of sellers has pushed premiums so low that it actually makes more sense to be a buyer. Plus, Dan discusses his latest book reaching the Amazon bestseller lists and tackles listener questions on tracking covered call rolls and the future of 0DTE equity options. On this episode, we break down: The 0DTE Shift: Are we giving away the "weekend decay" for free? Statistical Deep Dive: A look at SPX straddle performance over the last 45 and 80 days. Intraday vs. Close-to-Close: Why path dependency is the secret to 0DTE profitability. The Complexity of Backtesting: Why traditional backtesting models fail in the current 0DTE environment. The "Wheel Death Match": Managing covered calls and tracking roles effectively. Go to  tastytrade.com/podcasts to see why genius loves company and how you can take advantage of their industry-leading education and support team.

The rise of Zero Day to Expiration (0DTE) options has completely transformed the retail trading landscape, but has the market finally "squeezed the juice" out of premium harvesting? On this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into a "back-of-the-napkin" analysis of 0DTE SPX straddles. They explore whether the massive influx of sellers has pushed premiums so low that it actually makes more sense to be a buyer. Plus, Dan discusses his latest book reaching the Amazon bestseller lists and tackles listener questions on tracking covered call rolls and the future of 0DTE equity options. On this episode, we break down: The 0DTE Shift: Are we giving away the "weekend decay" for free? Statistical Deep Dive: A look at SPX straddle performance over the last 45 and 80 days. Intraday vs. Close-to-Close: Why path dependency is the secret to 0DTE profitability. The Complexity of Backtesting: Why traditional backtesting models fail in the current 0DTE environment. The "Wheel Death Match": Managing covered calls and tracking roles effectively. Go to  tastytrade.com/podcasts to see why genius loves company and how you can take advantage of their industry-leading education and support team.

Dan Passarelli joins us to share his best billionaire investing secrets as he takes us on his journey from trading on the Chicago Board Options Exchange floor to becoming an educator. He explains how options have evolved from a niche tool into a widely used strategy for investors seeking to both reduce risk and enhance returns. He emphasizes that while traditional diversification helps manage volatility, options can further "tilt the scale" by generating income and smoothing returns. We explore the common misconception that options are purely speculative, highlighting instead their flexibility for income generation, hedging, and tailoring trades to specific market views. The key takeaway is that options are powerful but nuanced tools, capable of improving long-term outcomes when used with education, risk awareness, and a structured approach. We discuss... Options have grown significantly in popularity as investors recognize their ability to enhance returns while managing risk. Risk is often measured by volatility (standard deviation), and while diversification helps, options can further reduce portfolio swings. Covered calls allow investors to generate consistent income by selling the right for others to buy their stock at a higher price. Cash-secured puts enable investors to collect premium while setting target prices to potentially buy stocks at a discount. The "wheel" strategy cycles between covered calls and cash-secured puts to continuously generate income and manage positions. Options can be used strategically for income, hedging, or directional views rather than just speculation or gambling. Complexity is a major barrier, but investors can start small, learn incrementally, and build skill over time. More advanced strategies like spreads allow similar returns with lower capital but introduce trade-offs such as capped upside. Market makers differ from retail traders by focusing on liquidity and pricing rather than directional bets. Liquidity and bid-ask spreads play a critical role in execution quality and overall profitability in options trading. The rise of meme stocks and platforms like Robinhood brought new participants into options trading, often with mixed results. While some traders treat options as speculation, disciplined investors can use them as a structured risk management tool. There is debate around whether selling options has an inherent edge due to risk premiums, though both buying and selling can be profitable. Successful options trading requires understanding trade-offs, time horizons, volatility, and personal risk tolerance. Today's Panelists: Kirk Chisholm | Innovative Wealth Barbara Friedberg | Barbara Friedberg Personal Finance Phil Weiss | Apprise Wealth Management Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the full show notes at https://moneytreepodcast.com/billionaire-investing-secrets-for-normal-people-with-dan-passarelli-810 

The Wheel Strategy is often touted as the ultimate "income generator," but most traders get it wrong because they lack the right mindset. In this episode, Mark Longo is joined by Dan Passarelli to discuss his brand-new book, Build Consistent Wealth with Options. They go beyond the basic mechanics to explore the three pillars of the Wheel, why most retail traders fail when they actually get assigned, and how to "rewire your brain" for probabilistic investing. Whether you're a passive investor or an active trader looking for an edge, this deep dive into the "Cycle-Recycle" method will change how you view covered calls and cash-secured puts forever. In this episode, we cover: The Three Pillars: Mindset, Objectives, and Methodology. The "Cycle-Recycle" Trade: Why the Wheel only works as a continuous system. The "Skate" vs. "Trade" Objective: How to decide if you actually want the stock. The PAS Indicator: Dan's custom tool for finding the "sweet spot" in premium. Alpha & Taxes: Maximizing your edge while managing the "silent killers" of wealth.

The Wheel Strategy is often touted as the ultimate "income generator," but most traders get it wrong because they lack the right mindset. In this episode, Mark Longo is joined by Dan Passarelli to discuss his brand-new book, Build Consistent Wealth with Options. They go beyond the basic mechanics to explore the three pillars of the Wheel, why most retail traders fail when they actually get assigned, and how to "rewire your brain" for probabilistic investing. Whether you're a passive investor or an active trader looking for an edge, this deep dive into the "Cycle-Recycle" method will change how you view covered calls and cash-secured puts forever. In this episode, we cover: The Three Pillars: Mindset, Objectives, and Methodology. The "Cycle-Recycle" Trade: Why the Wheel only works as a continuous system. The "Skate" vs. "Trade" Objective: How to decide if you actually want the stock. The PAS Indicator: Dan's custom tool for finding the "sweet spot" in premium. Alpha & Taxes: Maximizing your edge while managing the "silent killers" of wealth.

It's Tax Day on the network! Mark Longo and Dan Passarelli tackle the most requested topic of the season: how to keep the IRS out of your options profit. From the simplicity of the IRA "end run" to the mathematical beauty of 60/40 tax treatment on Section 1256 contracts (like SPX), the drill instructors break down how to optimize your tax bill. In this episode, we cover: The IRA Advantage: Why tax-deferred accounts are an options trader's best friend. Section 1256 Contracts: How to get long-term tax rates on short-term trades. The Complexity of Basis: Why multi-leg spreads can become an accountant's nightmare. Double Calendars: Dan clarifies the "Friday-Monday" spread strategy discussed in previous episodes. Defending The Wheel: Dan responds to critics who call his favorite strategy "garbage." Listener Mail Call: Binging 13 years of options education and overcoming the "overwhelming" start. Check out tastytrade - named best broker for options trading. Genius loves Company.

It's Tax Day on the network! Mark Longo and Dan Passarelli tackle the most requested topic of the season: how to keep the IRS out of your options profit. From the simplicity of the IRA "end run" to the mathematical beauty of 60/40 tax treatment on Section 1256 contracts (like SPX), the drill instructors break down how to optimize your tax bill. In this episode, we cover: The IRA Advantage: Why tax-deferred accounts are an options trader's best friend. Section 1256 Contracts: How to get long-term tax rates on short-term trades. The Complexity of Basis: Why multi-leg spreads can become an accountant's nightmare. Double Calendars: Dan clarifies the "Friday-Monday" spread strategy discussed in previous episodes. Defending The Wheel: Dan responds to critics who call his favorite strategy "garbage." Listener Mail Call: Binging 13 years of options education and overcoming the "overwhelming" start. Check out tastytrade - named best broker for options trading. Genius loves Company.

Happy April Fool's Day! In this special "Options Fool's Day" edition of Options Boot Camp, Mark Longo is joined by guest instructor John Kmiecik from Market Taker Mentoring (filling in for Dan Passarelli, who may or may not be riding donkeys in Santorini). While the spirit of the day is lighthearted, the lessons on what NOT to do are very real. The duo dives into a "too good to be true" scenario involving high-ratio spreads, exploring the seductive but dangerous world of "free lunch" trading. We also have a bit of fun with some "breaking" (and completely fabricated) OCC volume numbers to see if the golden goose of options trading is finally cooked. In this episode, we cover: The March Pro Trading Crate Giveaway: We crown our latest winner! The "Infinite Return" Myth: A deep dive into ratio spreads, 1x4 lopsided trades, and why "zero outlay" usually comes with a massive hidden price tag. Market Satire: Analyzing the (fake) cracks in options volume and what the real state of the industry looks like. Education vs. Pranks: Distinguishing between sound strategy and the "nonsense" that can lead a small account to ruin. Disclaimer: This episode contains April Fool's satire. Please do not attempt 1x4 net short ratio spreads at home unless you enjoy financial ruin!

Happy April Fool's Day! In this special "Options Fool's Day" edition of Options Boot Camp, Mark Longo is joined by guest instructor John Kmiecik from Market Taker Mentoring (filling in for Dan Passarelli, who may or may not be riding donkeys in Santorini). While the spirit of the day is lighthearted, the lessons on what NOT to do are very real. The duo dives into a "too good to be true" scenario involving high-ratio spreads, exploring the seductive but dangerous world of "free lunch" trading. We also have a bit of fun with some "breaking" (and completely fabricated) OCC volume numbers to see if the golden goose of options trading is finally cooked. In this episode, we cover: The March Pro Trading Crate Giveaway: We crown our latest winner! The "Infinite Return" Myth: A deep dive into ratio spreads, 1x4 lopsided trades, and why "zero outlay" usually comes with a massive hidden price tag. Market Satire: Analyzing the (fake) cracks in options volume and what the real state of the industry looks like. Education vs. Pranks: Distinguishing between sound strategy and the "nonsense" that can lead a small account to ruin. Disclaimer: This episode contains April Fool's satire. Please do not attempt 1x4 net short ratio spreads at home unless you enjoy financial ruin!

Is the "Wheel Strategy" making you nervous in a high-volatility market? In this episode, Mark Longo and Dan Passarelli field listener questions about navigating black swan fears, the "Greeks" you should watch when the market moves fast, and whether the AI narrative in Nvidia still has legs. Dan also prepares for his upcoming trip to Greece by getting some questionable advice from Mark about riding donkeys in Santorini and ordering "Euros" at the local taverna. Key topics covered in this episode: The Wheel Strategy vs. Credit Spreads: Is it time to cap your downside when the VIX hits 22? Vega and Gamma Focus: How your attention should shift between Greeks in a fast-moving market. Nvidia (NVDA) Outlook: Dealing with underwater bull call spreads after the GTC conference. 0DTE Expansion: Will we see more zero-day contracts added to the roster this year? UVIX vs. SVIX: A deep dive into leveraged and inverse VIX products and how to use them to hedge "weekend risk."

Is the "Wheel Strategy" making you nervous in a high-volatility market? In this episode, Mark Longo and Dan Passarelli field listener questions about navigating black swan fears, the "Greeks" you should watch when the market moves fast, and whether the AI narrative in Nvidia still has legs. Dan also prepares for his upcoming trip to Greece by getting some questionable advice from Mark about riding donkeys in Santorini and ordering "Euros" at the local taverna. Key topics covered in this episode: The Wheel Strategy vs. Credit Spreads: Is it time to cap your downside when the VIX hits 22? Vega and Gamma Focus: How your attention should shift between Greeks in a fast-moving market. Nvidia (NVDA) Outlook: Dealing with underwater bull call spreads after the GTC conference. 0DTE Expansion: Will we see more zero-day contracts added to the roster this year? UVIX vs. SVIX: A deep dive into leveraged and inverse VIX products and how to use them to hedge "weekend risk."

Fall in, recruits! Mark Longo is back in the Chi-Town studio, braving the cold to get you into peak options trading shape. With the energy markets in a state of high alert and WTI futures seeing massive volume, your drill instructors are here to break down the complex world of oil. In this week's Options Drills, Mark and Dan Passarelli explore: Going to the Source: The benefits of trading WTI and Brent futures for pure, one-to-one correlation. The USO Dilemma: A deep dive into the much-maligned US Oil Fund. We discuss the "Negative Oil" ghosts of 2020 and the impact of negative roll yield. Equity Surrogates: Using XLE (Energy Select Sector SPDR) and individual giants like Chevron (CVX) as portfolio proxies. The Volatility Play: How to view geopolitical crises through the lens of VIX, UVIX, and SVIX. Whether you're looking to generate income or hedge against $100+ crude, this is your tactical briefing.

Fall in, recruits! Mark Longo is back in the Chi-Town studio, braving the cold to get you into peak options trading shape. With the energy markets in a state of high alert and WTI futures seeing massive volume, your drill instructors are here to break down the complex world of oil. In this week's Options Drills, Mark and Dan Passarelli explore: Going to the Source: The benefits of trading WTI and Brent futures for pure, one-to-one correlation. The USO Dilemma: A deep dive into the much-maligned US Oil Fund. We discuss the "Negative Oil" ghosts of 2020 and the impact of negative roll yield. Equity Surrogates: Using XLE (Energy Select Sector SPDR) and individual giants like Chevron (CVX) as portfolio proxies. The Volatility Play: How to view geopolitical crises through the lens of VIX, UVIX, and SVIX. Whether you're looking to generate income or hedge against $100+ crude, this is your tactical briefing.

To maximize your reach, I've tailored these descriptions to how people actually find content on each platform. For Libsyn, the focus is on scannability for podcast apps and Google search. For YouTube, the focus is on "Watch Time" signals, Chapters, and keywords that trigger the video algorithm. 1. Libsyn Show Description (RSS & Podcast Apps) Focus: Clear summary, scannability, and high-value links. Options Boot Camp 381: We've Got Two Questions...One for Each of Ya! Is the "Wheel" turning against you? Are you obsessing over direction while the pros look elsewhere? In this episode of Options Boot Camp, your drill instructors Mark Longo and Dan Passarelli tackle a rapid-fire mail call to help you navigate the complexities of the options market. From the viability of the Ratio Stock Repair strategy to the psychological divide between beginner and veteran traders, we break down the tactics you need to survive and thrive. We also dive deep into the changing landscape of Crypto Options, specifically how the explosion of IBIT (BlackRock's Bitcoin ETF) has shifted market skew to look more like traditional equities—and what that means for your income-generating strategies. In This Episode: The Wheel Strategy: Is Ratio Stock Repair the best escape hatch for a losing wheel trade? Beginner vs. Pro: Why novices fixate on Delta while experts prioritize Volatility and Time. 0DTE Popularity: Analyzing the massive liquidity surge in equity zero-days. The 90% Myth: Debunking the classic "options expire worthless" statistic. Time Spreads (Calendars): The one thing most traders get wrong about Volatility Term Structure. Bitcoin Evolution: How IBIT has "democratized" Bitcoin options and changed the skew. Check out more from the Options Insider Radio Network: Pro Trading Crate: theoptionsinsider.com/pro Education & Brokerage: tastytrade.com/podcasts Advanced Training: markettaker.com

To maximize your reach, I've tailored these descriptions to how people actually find content on each platform. For Libsyn, the focus is on scannability for podcast apps and Google search. For YouTube, the focus is on "Watch Time" signals, Chapters, and keywords that trigger the video algorithm. 1. Libsyn Show Description (RSS & Podcast Apps) Focus: Clear summary, scannability, and high-value links. Options Boot Camp 381: We've Got Two Questions...One for Each of Ya! Is the "Wheel" turning against you? Are you obsessing over direction while the pros look elsewhere? In this episode of Options Boot Camp, your drill instructors Mark Longo and Dan Passarelli tackle a rapid-fire mail call to help you navigate the complexities of the options market. From the viability of the Ratio Stock Repair strategy to the psychological divide between beginner and veteran traders, we break down the tactics you need to survive and thrive. We also dive deep into the changing landscape of Crypto Options, specifically how the explosion of IBIT (BlackRock's Bitcoin ETF) has shifted market skew to look more like traditional equities—and what that means for your income-generating strategies. In This Episode: The Wheel Strategy: Is Ratio Stock Repair the best escape hatch for a losing wheel trade? Beginner vs. Pro: Why novices fixate on Delta while experts prioritize Volatility and Time. 0DTE Popularity: Analyzing the massive liquidity surge in equity zero-days. The 90% Myth: Debunking the classic "options expire worthless" statistic. Time Spreads (Calendars): The one thing most traders get wrong about Volatility Term Structure. Bitcoin Evolution: How IBIT has "democratized" Bitcoin options and changed the skew. Check out more from the Options Insider Radio Network: Pro Trading Crate: theoptionsinsider.com/pro Education & Brokerage: tastytrade.com/podcasts Advanced Training: markettaker.com

Fall in, recruits! Today, we're taking one of the most classic range-bound strategies and putting it through the 0DTE (Zero Days to Expiration) ringer. Is the Iron Condor the ultimate strategy for the current market environment, or a recipe for disaster? Mark Longo and Dan Passarelli break down the "Great Iron Condor Renaissance." We move past the basic definitions and get into the "drills," applying this strategy to the new Monday and Wednesday weekly options in the Mag 7. In this episode, we cover: The Iron Condor Refresher: A deep dive into the mechanics—selling strangles vs. selling spreads. 0DTE Strategy: Why these are getting hot again and how to pick your "danger zone." The Apple ($AAPL) and Nvidia ($NVDA) Experiments: We look at real-time 0DTE setups to see where the "juice" is hiding. Strike Selection: Why Dan prefers support and resistance over standard deviation in the 0DTE world. Pro Trader Crate: We announce this month's lucky winner! Check out more from the Options Insider Radio Network: Pro Membership: theoptionsinsider.com/pro Education & Brokerage: tastytrade.com/podcasts Dan's Training: markettaker.com/reg

Fall in, recruits! Today, we're taking one of the most classic range-bound strategies and putting it through the 0DTE (Zero Days to Expiration) ringer. Is the Iron Condor the ultimate strategy for the current market environment, or a recipe for disaster? Mark Longo and Dan Passarelli break down the "Great Iron Condor Renaissance." We move past the basic definitions and get into the "drills," applying this strategy to the new Monday and Wednesday weekly options in the Mag 7. In this episode, we cover: The Iron Condor Refresher: A deep dive into the mechanics—selling strangles vs. selling spreads. 0DTE Strategy: Why these are getting hot again and how to pick your "danger zone." The Apple ($AAPL) and Nvidia ($NVDA) Experiments: We look at real-time 0DTE setups to see where the "juice" is hiding. Strike Selection: Why Dan prefers support and resistance over standard deviation in the 0DTE world. Pro Trader Crate: We announce this month's lucky winner! Check out more from the Options Insider Radio Network: Pro Membership: theoptionsinsider.com/pro Education & Brokerage: tastytrade.com/podcasts Dan's Training: markettaker.com/reg

In this episode, the "drill instructors" Mark Longo and Dan Passarelli return for Round 3 of their battle against the machines. With Nvidia (NVDA) earnings taking center stage, they put a premium AI model to the test: can a chatbot actually teach you how to trade the "volatility crush," or is it just repeating bad habits? In this episode, you'll learn: The AI Framework: Analyzing the 6-step checklist for earnings success. The Volatility Crush: Why buying "cheap" weekly calls is often a trap. Strategy Showdown: Comparing Iron Condors and Credit Spreads vs. Long Straddles. Risk Management: Why the 1% to 3% rule is the only way to survive earnings season. Ready to trade options and futures yourself? Go to https://tastytrade.com/podcasts to get on the tastytrade site and start trading today.  

In this episode, the "drill instructors" Mark Longo and Dan Passarelli return for Round 3 of their battle against the machines. With Nvidia (NVDA) earnings taking center stage, they put a premium AI model to the test: can a chatbot actually teach you how to trade the "volatility crush," or is it just repeating bad habits? In this episode, you'll learn: The AI Framework: Analyzing the 6-step checklist for earnings success. The Volatility Crush: Why buying "cheap" weekly calls is often a trap. Strategy Showdown: Comparing Iron Condors and Credit Spreads vs. Long Straddles. Risk Management: Why the 1% to 3% rule is the only way to survive earnings season. Ready to trade options and futures yourself? Go to https://tastytrade.com/podcasts to get on the tastytrade site and start trading today.  

On this episode of Options Boot Camp, hosts Mark Longo and Dan Passarelli break down the real-world price tag of portfolio protection. Using current market examples, they walk through what it costs to hedge SPY with puts across different strikes and timeframes, why "insurance" isn't free, and how volatility levels can dramatically change the math. They also tackle the evergreen debate: SPY/SPX puts vs VIX calls—and why VIX products may behave more like a speculative "kicker" than a true one-to-one hedge. Plus, a listener-driven roundtable on hedging with gold and metals, the clash between 0DTE and potential 24/5 trading, and a practical primer on volume vs open interest (and why the bid/ask spread often tells the real story). Key topics include: The real cost of hedging SPY (near-term vs longer-dated puts) Strike selection, "deductibles," and the insurance analogy How elevated volatility impacts hedge pricing VIX calls as a hedge (and why timing matters more than ever) Hedging with metals: correlation, pros/cons, and when it fails 0DTE vs 24-hour trading: are these trends incompatible? Volume vs open interest for liquidity (and what to check first) Hosts: Mark Longo (The Options Insider Media Group) & Dan Passarelli (Market Taker Mentoring) This episode is brought to you by tastytrade — check them out for powerful options trading tools, education, and low pricing at tastytrade.com/podcasts.

On this episode of Options Boot Camp, hosts Mark Longo and Dan Passarelli break down the real-world price tag of portfolio protection. Using current market examples, they walk through what it costs to hedge SPY with puts across different strikes and timeframes, why "insurance" isn't free, and how volatility levels can dramatically change the math. They also tackle the evergreen debate: SPY/SPX puts vs VIX calls—and why VIX products may behave more like a speculative "kicker" than a true one-to-one hedge. Plus, a listener-driven roundtable on hedging with gold and metals, the clash between 0DTE and potential 24/5 trading, and a practical primer on volume vs open interest (and why the bid/ask spread often tells the real story). Key topics include: The real cost of hedging SPY (near-term vs longer-dated puts) Strike selection, "deductibles," and the insurance analogy How elevated volatility impacts hedge pricing VIX calls as a hedge (and why timing matters more than ever) Hedging with metals: correlation, pros/cons, and when it fails 0DTE vs 24-hour trading: are these trends incompatible? Volume vs open interest for liquidity (and what to check first) Hosts: Mark Longo (The Options Insider Media Group) & Dan Passarelli (Market Taker Mentoring) This episode is brought to you by tastytrade — check them out for powerful options trading tools, education, and low pricing at tastytrade.com/podcasts.

Dan Passarelli (@Dan_Passarelli) is a trader, author and world-renowned trading expert.   We discuss the idea of wealth creation utilising "options" as a tool. We look at ways of investing and how to get started.   You can find out more about Dan over at https://markettaker.com & you can find Dan's Substack at https://wealthbuildingwithoptions.substack.com/    Join the FREE Facebook group for The Michael Brian Show at https://www.facebook.com/groups/themichaelbrianshow   Follow Mike on Facebook Instagram & X  

Are 0DTE (Zero Days to Expiration) options a retail revolution or a "gamma circus"? In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into the explosion of short-dated equity options and what they mean for your portfolio. From the surge in volume for Tesla and Nvidia to the rise of intraday dispersion trading, the "drill instructors" break down the data and the drama behind the newest craze in the options market. In This Episode: 0DTE Data Crunch: We analyze the massive flow in new single-name daily expirations. Is 35% of Tesla's volume really concentrated in one-day options? Intraday Dispersion: How retail traders are now using 0DTE equity options against index products—and if this marks a new level of market sophistication. The "Crack" Comparison: We share listener feedback on the 0DTE movement, including those who equate it to high-risk habits and those waiting for the "gamma circus" to leave town. Strategy Revamp: Is it time to redo every option strategy through a 0DTE lens? We discuss the viability of daily iron condors and 0DTE butterflies. Digital Gold vs. Bitcoin: A deep dive into whether Bitcoin actually serves as a "digital gold" or if the correlation is a myth. Market Taker Question of the Week: Strike Selection: Dan explains the best ways to set your strikes for covered calls and cash-secured puts depending on whether you want to "skate" or get assigned. "Liquidity begets liquidity. People will spread in and out, and the net volume is only going up from here." — Dan Passarelli Get More Options Education: Visit The Options Insider Check out Market Taker Mentoring Explore Tastytrade

Are 0DTE (Zero Days to Expiration) options a retail revolution or a "gamma circus"? In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into the explosion of short-dated equity options and what they mean for your portfolio. From the surge in volume for Tesla and Nvidia to the rise of intraday dispersion trading, the "drill instructors" break down the data and the drama behind the newest craze in the options market. In This Episode: 0DTE Data Crunch: We analyze the massive flow in new single-name daily expirations. Is 35% of Tesla's volume really concentrated in one-day options? Intraday Dispersion: How retail traders are now using 0DTE equity options against index products—and if this marks a new level of market sophistication. The "Crack" Comparison: We share listener feedback on the 0DTE movement, including those who equate it to high-risk habits and those waiting for the "gamma circus" to leave town. Strategy Revamp: Is it time to redo every option strategy through a 0DTE lens? We discuss the viability of daily iron condors and 0DTE butterflies. Digital Gold vs. Bitcoin: A deep dive into whether Bitcoin actually serves as a "digital gold" or if the correlation is a myth. Market Taker Question of the Week: Strike Selection: Dan explains the best ways to set your strikes for covered calls and cash-secured puts depending on whether you want to "skate" or get assigned. "Liquidity begets liquidity. People will spread in and out, and the net volume is only going up from here." — Dan Passarelli Get More Options Education: Visit The Options Insider Check out Market Taker Mentoring Explore Tastytrade

In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive into the high-velocity world of single-name zero-days-to-expiration (0DTE) options. With Monday and Wednesday expiries now live for heavy hitters like Tesla ($TSLA) and Nvidia ($NVDA), the "Drill Instructors" break down the massive trading volume shifts and the potential risks of contra-exercise in American-style options. What's Inside This Episode: The 0DTE Surge: A data-driven look at how much volume is flooding into the new weekly expiries. Are brokers ready for the added risk? The "Retail Prop Firm" Red Flag: A listener asks if those flashy inbox offers to "bankroll your trading" are legit. Dan and Mark weigh in on why you might want to follow Geena Davis's advice in The Fly: "Run. Run away!" Commodity Chaos: A check-in on the silver squeeze and Bitcoin's race to the next big psychological level. IRA Restrictions: Why some brokers limit you to "Level 1" options in retirement accounts and the frustration of synthetic risk equivalence. Pro Trading Crate: We announce the latest winner for our bespoke pro-member giveaway! Key Takeaways for Traders: Volume Watch: Discover why nearly 50% of top strikes in names like Nvidia are now concentrated in contracts with just 24 hours to live. Scam Alert: Learn the hallmarks of "prop firm" scams—if you have to pony up your own cash to access their "capital," it's time to walk away. Educational Deep Dive: Understanding the difference between cash-settled and physically settled options in the 0DTE era. "If you have to pony up any money for a prop deal, stay the hell away from it. Real firms don't cold-email prospects for cash." — Mark Longo Ready to level up your trading? Check out the full Options Insider Radio Network for more education, or go Pro at https://theoptionsinsider.com/pro for exclusive Q&A sessions and more. To open an account and see why Investopedia named them the best broker for options in 2024, visit https:// tastytrade.com/podcasts.

In this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive into the high-velocity world of single-name zero-days-to-expiration (0DTE) options. With Monday and Wednesday expiries now live for heavy hitters like Tesla ($TSLA) and Nvidia ($NVDA), the "Drill Instructors" break down the massive trading volume shifts and the potential risks of contra-exercise in American-style options. What's Inside This Episode: The 0DTE Surge: A data-driven look at how much volume is flooding into the new weekly expiries. Are brokers ready for the added risk? The "Retail Prop Firm" Red Flag: A listener asks if those flashy inbox offers to "bankroll your trading" are legit. Dan and Mark weigh in on why you might want to follow Geena Davis's advice in The Fly: "Run. Run away!" Commodity Chaos: A check-in on the silver squeeze and Bitcoin's race to the next big psychological level. IRA Restrictions: Why some brokers limit you to "Level 1" options in retirement accounts and the frustration of synthetic risk equivalence. Pro Trading Crate: We announce the latest winner for our bespoke pro-member giveaway! Key Takeaways for Traders: Volume Watch: Discover why nearly 50% of top strikes in names like Nvidia are now concentrated in contracts with just 24 hours to live. Scam Alert: Learn the hallmarks of "prop firm" scams—if you have to pony up your own cash to access their "capital," it's time to walk away. Educational Deep Dive: Understanding the difference between cash-settled and physically settled options in the 0DTE era. "If you have to pony up any money for a prop deal, stay the hell away from it. Real firms don't cold-email prospects for cash." — Mark Longo Ready to level up your trading? Check out the full Options Insider Radio Network for more education, or go Pro at https://theoptionsinsider.com/pro for exclusive Q&A sessions and more. To open an account and see why Investopedia named them the best broker for options in 2024, visit https:// tastytrade.com/podcasts.

This episode of Options Boot Camp dives into one of the most significant shifts in the equity markets: the arrival of 0DTE (Zero Days to Expiration) options for single stocks like Nvidia, Tesla, and Apple. While the excitement is high, hosts Mark Longo and Dan Passarelli highlight a critical technical risk that many retail traders overlook—Contra-Exercise. Episode Summary The "0DTE era" has officially expanded beyond cash-settled indices like the SPX. With single-name equity options now listing for Mondays, Wednesdays, and Fridays, traders face a new logistical hurdle: physical settlement. Unlike cash-settled indices, equity options result in the delivery of actual stock, making the after-hours window a potential minefield for "pin risk" and unexpected assignments. Key Discussion Points: The 0DTE Expansion: Why names like IBIT, NVDA, and TSLA are joining the zero-day fray and what it means for market volatility. Understanding Contra-Exercise: The mechanics of the "Do Not Exercise" (DNE) order and how to force the exercise of out-of-the-money options. The After-Hours Window: Why the 4:00 PM ET close isn't the end of your risk, and how news after the bell can trigger "ghost" assignments. Broker Deadlines: A breakdown of how different brokers handle the cutoff times for contra-instructions. Risk Management: Why the "best case scenario" is almost always closing your position before the closing bell. Go to tastytrade.com/podcasts and see why Investopedia named tastytrade the best broker for options in 2024. Genius loves company.

This episode of Options Boot Camp dives into one of the most significant shifts in the equity markets: the arrival of 0DTE (Zero Days to Expiration) options for single stocks like Nvidia, Tesla, and Apple. While the excitement is high, hosts Mark Longo and Dan Passarelli highlight a critical technical risk that many retail traders overlook—Contra-Exercise. Episode Summary The "0DTE era" has officially expanded beyond cash-settled indices like the SPX. With single-name equity options now listing for Mondays, Wednesdays, and Fridays, traders face a new logistical hurdle: physical settlement. Unlike cash-settled indices, equity options result in the delivery of actual stock, making the after-hours window a potential minefield for "pin risk" and unexpected assignments. Key Discussion Points: The 0DTE Expansion: Why names like IBIT, NVDA, and TSLA are joining the zero-day fray and what it means for market volatility. Understanding Contra-Exercise: The mechanics of the "Do Not Exercise" (DNE) order and how to force the exercise of out-of-the-money options. The After-Hours Window: Why the 4:00 PM ET close isn't the end of your risk, and how news after the bell can trigger "ghost" assignments. Broker Deadlines: A breakdown of how different brokers handle the cutoff times for contra-instructions. Risk Management: Why the "best case scenario" is almost always closing your position before the closing bell. Go to tastytrade.com/podcasts and see why Investopedia named tastytrade the best broker for options in 2024. Genius loves company.

In this episode, Mark Longo and Dan Passarelli take a nostalgic trip back to the 80s to become the Masters of the Volatility Universe. Whether you're a "Prince Adam" of the markets or just starting your basic training, this episode is a comprehensive refresher on the most important force in options pricing: Volatility. The Drill Instructors break down: Volatility as the Speedometer: Why direction matters less than velocity when measuring vol. Realized vs. Historical Volatility: Understanding the concrete, backward-looking data of price swings. Implied Volatility (IV): Why Mark calls it the "Fudge Factor" of the options market and how it acts as a forward-looking forecast. The Volatility Risk Premium (VRP): Why options are often "overpriced" and how premium sellers harvest that edge. Supply and Demand: Dan's take on why IV is often more about market noise than actual future predictions. 2026 VIX Prognostications: Where will the "Fear Gauge" end the year? Dan puts his official number on the record.

In this episode, Mark Longo and Dan Passarelli take a nostalgic trip back to the 80s to become the Masters of the Volatility Universe. Whether you're a "Prince Adam" of the markets or just starting your basic training, this episode is a comprehensive refresher on the most important force in options pricing: Volatility. The Drill Instructors break down: Volatility as the Speedometer: Why direction matters less than velocity when measuring vol. Realized vs. Historical Volatility: Understanding the concrete, backward-looking data of price swings. Implied Volatility (IV): Why Mark calls it the "Fudge Factor" of the options market and how it acts as a forward-looking forecast. The Volatility Risk Premium (VRP): Why options are often "overpriced" and how premium sellers harvest that edge. Supply and Demand: Dan's take on why IV is often more about market noise than actual future predictions. 2026 VIX Prognostications: Where will the "Fear Gauge" end the year? Dan puts his official number on the record.

Options Boot Camp Episode 373 explores two major themes shaping today's options market: the rapid rise of IBIT options volume and the most misunderstood options trading strategies. Hosts Mark Longo and Dan Passarelli break down why strategies like cash-secured puts, long puts, straddles, butterflies, and iron condors are frequently misused by traders, often due to poor education and unrealistic expectations. The discussion explains why "being okay with assignment" is not the same as wanting assignment, and how that distinction can dramatically change trading outcomes. The episode also examines how IBIT options rivaling VIX in volume has reshaped Bitcoin options trading, altered volatility skew, and attracted institutional and premium-selling participants to crypto markets. Designed for traders of all experience levels, Options Boot Camp delivers practical options education, real-world examples, and clear explanations of complex strategies. Produced by the Options Insider Radio Network.

Options Boot Camp Episode 373 explores two major themes shaping today's options market: the rapid rise of IBIT options volume and the most misunderstood options trading strategies. Hosts Mark Longo and Dan Passarelli break down why strategies like cash-secured puts, long puts, straddles, butterflies, and iron condors are frequently misused by traders, often due to poor education and unrealistic expectations. The discussion explains why "being okay with assignment" is not the same as wanting assignment, and how that distinction can dramatically change trading outcomes. The episode also examines how IBIT options rivaling VIX in volume has reshaped Bitcoin options trading, altered volatility skew, and attracted institutional and premium-selling participants to crypto markets. Designed for traders of all experience levels, Options Boot Camp delivers practical options education, real-world examples, and clear explanations of complex strategies. Produced by the Options Insider Radio Network.

Kick off the new year with a fresh set of options trading resolutions on this episode of Options Boot Camp. Hosts Mark Longo and Dan Passarelli dive into what traders should be focusing on in 2026 — from expanding your options strategy toolbox to managing risk, sizing trades properly, and knowing when not to trade at all. With many traders coming off years of strong equity performance, the hosts explore whether it's time to rethink long-only strategies, reduce concentration risk, or introduce new approaches like stock substitution, LEAPS, downside hedging with puts, and portfolio diversification through options strategies. The conversation also covers why relying on a single options strategy can be dangerous, how to diversify your Greeks, and what newer traders often overlook when markets change. This episode also looks ahead to potential options market trends in 2026, including zero-DTE options, 24-hour trading, prediction markets, crypto volatility, and global market opportunities. Along the way, Mark and Dan reference past Options Boot Camp episodes to help listeners build a deeper understanding of puts, volatility, and long-term strategy planning.

Kick off the new year with a fresh set of options trading resolutions on this episode of Options Boot Camp. Hosts Mark Longo and Dan Passarelli dive into what traders should be focusing on in 2026 — from expanding your options strategy toolbox to managing risk, sizing trades properly, and knowing when not to trade at all. With many traders coming off years of strong equity performance, the hosts explore whether it's time to rethink long-only strategies, reduce concentration risk, or introduce new approaches like stock substitution, LEAPS, downside hedging with puts, and portfolio diversification through options strategies. The conversation also covers why relying on a single options strategy can be dangerous, how to diversify your Greeks, and what newer traders often overlook when markets change. This episode also looks ahead to potential options market trends in 2026, including zero-DTE options, 24-hour trading, prediction markets, crypto volatility, and global market opportunities. Along the way, Mark and Dan reference past Options Boot Camp episodes to help listeners build a deeper understanding of puts, volatility, and long-term strategy planning.

The 2026 trading year is officially underway! Mark Longo, Uncle Mike Tosaw, and Andrew "The Rock Lobster" Giovinazzi gather for the first full trading week of the year to break down a massive 2025 and look ahead to the new market landscape. In This Episode: The 2025 Trivia Champion Revealed: After a grueling year of 1980s Trivial Pursuit, we finally crown the winner of the 2025 Trivia Challenge. Who took home the title between Uncle Mike, The Rock Lobster, and previous guest Dan Passarelli? The Trading Block: A robust start to 2026! The team analyzes the S&P 500's push toward all-time highs, the sudden surge in Financials (XLF) and Energy (XLE), and why Big Tech (Apple and Nvidia) is showing some early-year weakness. Record-Breaking Volume: We dive into the final 2025 numbers from the OCC. With over 15.26 billion contracts traded last year, we discuss what this explosive growth means for retail traders. The Odd Block: Unusual activity returns with a deep dive into Peloton (PTON) and a massive January 2027 call trade, plus some aggressive short-term upside speculation in Enovix Corp (ENVX). Strategy Block: Uncle Mike explains the "Time Non-Linear Time Decay Differential" and why calendar or diagonal spreads might be your best bet if you expect volatility to rise from these lows. Around the Block: Predictions for the year ahead, the impact of geopolitical headlines on the energy sector, and a look at the upcoming VIX expiration. Get More Options Insider: Pro Analysis: theoptionsinsider.com/pro The Network: Search "Options Insider Radio Network" on your favorite podcast app. TastyTrade: Visit tastytrade.com/podcasts to see why they were named the Best Broker for Options in 2024.

The 2026 trading year is officially underway! Mark Longo, Uncle Mike Tosaw, and Andrew "The Rock Lobster" Giovinazzi gather for the first full trading week of the year to break down a massive 2025 and look ahead to the new market landscape. In This Episode: The 2025 Trivia Champion Revealed: After a grueling year of 1980s Trivial Pursuit, we finally crown the winner of the 2025 Trivia Challenge. Who took home the title between Uncle Mike, The Rock Lobster, and previous guest Dan Passarelli? The Trading Block: A robust start to 2026! The team analyzes the S&P 500's push toward all-time highs, the sudden surge in Financials (XLF) and Energy (XLE), and why Big Tech (Apple and Nvidia) is showing some early-year weakness. Record-Breaking Volume: We dive into the final 2025 numbers from the OCC. With over 15.26 billion contracts traded last year, we discuss what this explosive growth means for retail traders. The Odd Block: Unusual activity returns with a deep dive into Peloton (PTON) and a massive January 2027 call trade, plus some aggressive short-term upside speculation in Enovix Corp (ENVX). Strategy Block: Uncle Mike explains the "Time Non-Linear Time Decay Differential" and why calendar or diagonal spreads might be your best bet if you expect volatility to rise from these lows. Around the Block: Predictions for the year ahead, the impact of geopolitical headlines on the energy sector, and a look at the upcoming VIX expiration. Get More Options Insider: Pro Analysis: theoptionsinsider.com/pro The Network: Search "Options Insider Radio Network" on your favorite podcast app. TastyTrade: Visit tastytrade.com/podcasts to see why they were named the Best Broker for Options in 2024.

In this episode of Options Boot Camp, your drill instructors Mark Longo and Dan Passarelli dive back into the trenches to tackle a recurring nightmare for retail traders: why "perfect" vertical spreads sometimes result in losses. Following up on a "horror story" from a previous episode involving Marvell (MRV), the team breaks down the mechanics of spread books, broker liquidations, and the hidden risks of trading around major events. In This Episode, You'll Learn: The Marvell Meltdown: A deep dive into a listener's trade where a winning call vertical on MRV resulted in a loss due to after-hours volatility and broker liquidation. The Reality of Vertical Spreads: Why the P&L diagram is only half the story. We discuss why vertical spreads often perform worse than expected prior to expiration and the role theta plays in the final payoff. Legging vs. Spread Orders: When should you attempt to "leg out" of a spread? Dan and Mark discuss the risks of delta exposure when breaking apart a vertical in a fast-moving market. Broker Routing & PFOF: How Payment for Order Flow and specific broker "spread books" (like Robinhood's) can impact your execution quality, especially in illiquid names. Market Maker Psychology: What determines the width of a bid-ask spread? Dan explains how volatility risk and liquidity determine the "toll" you pay to enter and exit a trade. Mail Call: The team answers listener questions about avoiding spreads during earnings and the rise of prediction markets (binary betting). Chapters & Key Moments: 00:00 – Introduction and The Quintuple Content Palooza 03:15 – Follow-up: The Marvell Vertical Spread Disaster 07:45 – The pros and cons of "Legging" out of a trade 12:20 – Tips for dealing with unresponsive brokers during liquidations 16:30 – Market Taker Question: What drives the Bid-Ask Spread? 21:10 – Prediction Markets: Is it a trade or a bet? 25:40 – Silver and Crypto: The Question of the Week Special thanks to our sponsor: TastyTrade.com/podcasts

In this episode of Options Boot Camp, your drill instructors Mark Longo and Dan Passarelli dive back into the trenches to tackle a recurring nightmare for retail traders: why "perfect" vertical spreads sometimes result in losses. Following up on a "horror story" from a previous episode involving Marvell (MRV), the team breaks down the mechanics of spread books, broker liquidations, and the hidden risks of trading around major events. In This Episode, You'll Learn: The Marvell Meltdown: A deep dive into a listener's trade where a winning call vertical on MRV resulted in a loss due to after-hours volatility and broker liquidation. The Reality of Vertical Spreads: Why the P&L diagram is only half the story. We discuss why vertical spreads often perform worse than expected prior to expiration and the role theta plays in the final payoff. Legging vs. Spread Orders: When should you attempt to "leg out" of a spread? Dan and Mark discuss the risks of delta exposure when breaking apart a vertical in a fast-moving market. Broker Routing & PFOF: How Payment for Order Flow and specific broker "spread books" (like Robinhood's) can impact your execution quality, especially in illiquid names. Market Maker Psychology: What determines the width of a bid-ask spread? Dan explains how volatility risk and liquidity determine the "toll" you pay to enter and exit a trade. Mail Call: The team answers listener questions about avoiding spreads during earnings and the rise of prediction markets (binary betting). Chapters & Key Moments: 00:00 – Introduction and The Quintuple Content Palooza 03:15 – Follow-up: The Marvell Vertical Spread Disaster 07:45 – The pros and cons of "Legging" out of a trade 12:20 – Tips for dealing with unresponsive brokers during liquidations 16:30 – Market Taker Question: What drives the Bid-Ask Spread? 21:10 – Prediction Markets: Is it a trade or a bet? 25:40 – Silver and Crypto: The Question of the Week Special thanks to our sponsor: TastyTrade.com/podcasts

Join host Mark Benzaquen for the final Wide World of Options broadcast of 2025 featuring Market Taker Mentoring's Dan Passarelli. In this insightful episode, Dan shares his perspective on the surprising market valuations of 2025, offers his outlook for 2026, and discusses the evolution of retail options traders. The conversation concludes with a fun lightning round, with a look into Dan's professional projects, including his upcoming book release in April 2026.   

HOST: Mark Longo, The Options Insider Media Group CO-HOST: Dan Passarelli, Market Taker Mentoring   In this episode, hosts Mark Longo and Dan Passarelli delve into the origin and history of binary options, exploring their initial launch with Head Street, subsequent rebranding under Nadex, and their evolution into more widely accessible and diversified financial products. They discuss the intuitive pricing of binary options, their appeal among retail investors, and the impacts of regulatory changes, especially the influence of the CFTC's rulings. The episode also touches on newer players in the event derivatives space like Kalshi, ForecastEx, and the CME Group's involvement. Additionally, Mark and Dan respond to listener questions about market trends, time spreads, and the recent VIX behavior. The show wraps up with an engaging discussion on the future of binary options and the growing interest from various market participants.  

HOST: Mark Longo, The Options Insider Media Group CO-HOST: Dan Passarelli, Market Taker Mentoring   In this episode, hosts Mark Longo and Dan Passarelli delve into the origin and history of binary options, exploring their initial launch with Head Street, subsequent rebranding under Nadex, and their evolution into more widely accessible and diversified financial products. They discuss the intuitive pricing of binary options, their appeal among retail investors, and the impacts of regulatory changes, especially the influence of the CFTC's rulings. The episode also touches on newer players in the event derivatives space like Kalshi, ForecastEx, and the CME Group's involvement. Additionally, Mark and Dan respond to listener questions about market trends, time spreads, and the recent VIX behavior. The show wraps up with an engaging discussion on the future of binary options and the growing interest from various market participants.  

Host: Mark Longo, The Options Insider Radio Network Co-Host: Dan Passarelli, Market Taker Mentoring   In this episode, Mark Longo and Dan Passarelli delve into various topics revolving around options trading. They primarily discuss the recent changes to the pattern day trading rules by FINRA, which could potentially lower the $25,000 threshold to a more flexible intraday margin rule. They also reflect on the performance of gold in comparison to the VIX as a gauge of market sentiment amidst fluctuating market conditions. Additionally, the hosts touch on the upcoming earnings season, sharing insights on expected company performances and the volatility trends observed.       

Host: Mark Longo, The Options Insider Radio Network Co-Host: Dan Passarelli, Market Taker Mentoring   In this episode, Mark Longo and Dan Passarelli delve into various topics revolving around options trading. They primarily discuss the recent changes to the pattern day trading rules by FINRA, which could potentially lower the $25,000 threshold to a more flexible intraday margin rule. They also reflect on the performance of gold in comparison to the VIX as a gauge of market sentiment amidst fluctuating market conditions. Additionally, the hosts touch on the upcoming earnings season, sharing insights on expected company performances and the volatility trends observed.