Trader Chat: Dan Passarelli Pt. 1 - Options Education, Trading, Risk, & Leverage

Interview with long time CBOE & OIC options instructor Dan Passarelli. Dan now runs a direct options & trading mentorship program on MarketTaker.com where we can learn directly from Dan what he taught folks at the CBOE and OIC. Also, Dan is the author of the book "Trading Option Greeks (get it at http://finz.tv/books). Dan has more than 16 years' experience in the options industry and has worked as both a floor trader and an options instructor.


In part 1, Dan and I chat about:
1. Why Dan loves trading, the challenges, and the reward of mastering the skill of trading.
2. Whether options are for stock investors, traders, and futures traders. How options are different from stocks. Options are more dangerous if one does not understand the risks, but once we're educated options expands our universe of opportunities in the market we can't achieve simply in stocks.
3. Using options to "shape" your risk and leverage with options. Potential to get more leverage (make more than 1:1 of a stock's move) reduced risk.

to be continued...
PART 2: Dan's words of wisdom of trading this historic market, any market, and insights into what Option Greeks are and why anyone who trades options MUST understand greeks.
PART 3: Dan reveals his own trading style, how trading on the CBOE floor shaped his skills, and the essential skills he teaches for us to become successful day in and day out.

Dan began his option trading career as a market maker on the floor of the Chicago Board Options Exchange (CBOE), trading equity options. He has also traded agricultural options and futures at the Chicago Board of Trade (CBOT).

**Learn privately from Dan on his mentorship site http://markettaker.com
**Follow Dan on twitter: http://twitter.com/dan_passarelli
**Get Dan's book "Trading Option Greeks" at http://finz.tv/books

**this TraderChat is sponsored by "paperTRADE" by tradeMONSTER. Practice trading for free! Get paperTRADE http://finz.tv/get/tmpapertrade

Category:

Education

Tags:

• options
• trading
• chicago
• CBOE
• OIC
• leverage
• risk
• greeks
• mentorship
• education
• delta
• gamma
• beta
• money
• exchange
• volatility
• market taker
• market maker