Ep2 - The Case for Building Wealth

Wealth Building With Options

#Trading #Business #Podcasting Education #Wealth Building With Options

22:42

We are here recording live at Medallia Experience at the Wynn in Las Vegas, and have been seeing and hearing some amazing things about how AI can enhance the customer experience as well as enable teams at organizations to create more meaningful connections with customers. Today we’re going to talk about how AI can help to create better experiences for customers before, during, and after their interactions. To help me discuss this topic, I’d like to welcome Fabrice Martin, Chief Product Officer at Medallia. RESOURCES Medallia: https://www.medallia.com Catch the future of e-commerce at eTail Boston, August 11-14, 2025. Register now: https://bit.ly/etailboston and use code PARTNER20 for 20% off for retailers and brands Don't Miss MAICON 2025, October 14-16 in Cleveland - the event bringing together the brights minds and leading voices in AI. Use Code AGILE150 for $150 off registration. Go here to register: https://bit.ly/agile150 Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company…

大约1年之前 34:37

MP3•单集首页

We also discuss:

The real reason wealth matters (it’s not just about having more money).
Why preferring more money to less isn’t greed—it’s rationality.
How money isn’t just a store of value, but an investment in your future.
The difference between wealth-building and gambling—and why the distinction is critical.
How financial independence allows you to fund what’s important to you: retirement, education, travel, or caring for loved ones.

This episode sets the foundation for what’s to come, as we explore how to use the power of investing—especially options strategies like covered calls and cash-secured puts—to accelerate wealth-building.

Key Takeaways:

Wealth gives you choices: More money means more opportunities to invest in what truly matters to you.
Money itself isn’t evil—it’s a tool: How you use it determines its impact on your life and others.
There’s a difference between gambling and smart investing: Strategic investing isn’t about chasing quick wins; it’s about long-term, sustainable wealth.
You are in control: No one cares more about your financial future than you do. Learning how to grow wealth is the key to financial freedom.
Mindset matters: Visualization, strategy, and a structured plan help transform financial goals into reality.

What’s Next?

In next week’s episode, we dive into how wealth is built in the stock market and the principles of generating alpha (outperforming the market). After that, we’ll explore derivatives, covered calls, and cash-secured puts—the strategies that can help you build wealth faster.

Resources Mentioned:

- Think and Grow Rich by Napoleon Hill – A deep dive into mindset and wealth-building.
- The power of leverage: How to work smarter, not harder, in investing.
- How financial planners operate and why most don’t use advanced strategies like covered calls.

The Gnostic Gospels - "If you bring forth that which is within you, then that which is within you will be your salvation. If you do not bring forth that which is within you, then that which is within you will destroy you."

Join the Conversation:

What are the most important things in your life that wealth can help you achieve? Send me a message or connect on Substack (https://wealthbuildingwithoptions.substack.com)

Subscribe & Stay Tuned: Be sure to subscribe so you don’t miss the next episode on how to generate consistent wealth in the stock market!

9集单集

Wealth Building With Options

Ep2 - The Case for Building Wealth

Wealth Building With Options

published 大约1年之前

MP3•单集首页

We also discuss:

The real reason wealth matters (it’s not just about having more money).
Why preferring more money to less isn’t greed—it’s rationality.
How money isn’t just a store of value, but an investment in your future.
The difference between wealth-building and gambling—and why the distinction is critical.
How financial independence allows you to fund what’s important to you: retirement, education, travel, or caring for loved ones.

Key Takeaways:

Wealth gives you choices: More money means more opportunities to invest in what truly matters to you.
Money itself isn’t evil—it’s a tool: How you use it determines its impact on your life and others.
There’s a difference between gambling and smart investing: Strategic investing isn’t about chasing quick wins; it’s about long-term, sustainable wealth.
You are in control: No one cares more about your financial future than you do. Learning how to grow wealth is the key to financial freedom.
Mindset matters: Visualization, strategy, and a structured plan help transform financial goals into reality.

What’s Next?

Resources Mentioned:

- Think and Grow Rich by Napoleon Hill – A deep dive into mindset and wealth-building.
- The power of leverage: How to work smarter, not harder, in investing.
- How financial planners operate and why most don’t use advanced strategies like covered calls.

The Gnostic Gospels - "If you bring forth that which is within you, then that which is within you will be your salvation. If you do not bring forth that which is within you, then that which is within you will destroy you."

Join the Conversation:

What are the most important things in your life that wealth can help you achieve? Send me a message or connect on Substack (https://wealthbuildingwithoptions.substack.com)

Subscribe & Stay Tuned: Be sure to subscribe so you don’t miss the next episode on how to generate consistent wealth in the stock market!

9集单集

#Trading #Business #Podcasting Education #Wealth Building With Options

所有剧集

Wealth Building With Options

1
Ep9 - Effing Around and Finding Out Why Covered Calls Work 50:06

7天之前50:06

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

1
Ep8 - They Lied to You! (Not) Why Covered Calls Work 44:38

14天之前44:38

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

1
Ep7 - The Future of Options Trading with Fidelity’s Greg Stevens 42:43

21天之前42:43

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

1
Ep6 - How Covered Calls Work 39:37

28天之前39:37

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

1
Ep5 - Options: Better Tools 44:53

5 weeks之前44:53

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

1
Ep4 - Guest Episode: Mark Benzaquen, Principal at OCC Education 59:36

5 weeks之前59:36

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

1
Ep3 - How Wealth is Created in the Stock Market 40:34

6 weeks之前40:34

40:34

Episode Summary In this episode, Dan Passarelli explores how wealth is created in the stock market and how the stock and options markets intertwine to generate opportunities beyond a zero-sum game. He discusses the fundamental differences between stocks and options, the role of market makers, and how investors can leverage options for long-term wealth creation. Along the way, he shares insights into game theory, the Monty Hall dilemma, and the impact of financial reporting on stock valuation. Key Topics Covered The controversy around financial markets and investment strategies The Monty Hall dilemma and its implications for trading and decision-making Why options trading is not a zero-sum game How market makers and liquidity providers contribute to market efficiency The role of hedging in options trading The difference between listed options and warrants The importance of financial reports (10-Qs and 10-Ks) and analyst recommendations The buy-and-hold strategy and how covered calls and cash-secured puts can improve returns Exchange-Traded Funds (ETFs) and their role in modern investing Resources Mentioned Read more about the Monty Hall dilemma and its investing implications on Dan’s Substack: wealthbuildingwithoptions.substack.com Join the Substack community for bonus video podcast episodes and exclusive content Learn more about options trading and risk management: Link to options characteristics and risks Visit Dan Passarelli’s website: Markettaker.com Support the Podcast Subscribe to Dan’s Substack for premium investing insights Share this episode with fellow traders and investors Leave a review to help others discover the podcast…

Wealth Building With Options

1
Ep2 - The Case for Building Wealth 34:37

6 weeks之前34:37

34:37

In this episode, we kick off the podcast by tackling a fundamental question: Why should you focus on building wealth? Some say “money is the root of all evil,” but the truth is, money is just a tool—one that can help you achieve what truly matters in life. Whether it’s financial security, supporting loved ones, or pursuing your dreams, having more wealth gives you more options and control. We also discuss: The real reason wealth matters (it’s not just about having more money). Why preferring more money to less isn’t greed—it’s rationality. How money isn’t just a store of value, but an investment in your future. The difference between wealth-building and gambling—and why the distinction is critical. How financial independence allows you to fund what’s important to you: retirement, education, travel, or caring for loved ones. This episode sets the foundation for what’s to come, as we explore how to use the power of investing—especially options strategies like covered calls and cash-secured puts—to accelerate wealth-building. Key Takeaways: Wealth gives you choices: More money means more opportunities to invest in what truly matters to you. Money itself isn’t evil—it’s a tool: How you use it determines its impact on your life and others. There’s a difference between gambling and smart investing: Strategic investing isn’t about chasing quick wins; it’s about long-term, sustainable wealth. You are in control: No one cares more about your financial future than you do. Learning how to grow wealth is the key to financial freedom. Mindset matters: Visualization, strategy, and a structured plan help transform financial goals into reality. What’s Next? In next week’s episode, we dive into how wealth is built in the stock market and the principles of generating alpha (outperforming the market). After that, we’ll explore derivatives, covered calls, and cash-secured puts—the strategies that can help you build wealth faster. Resources Mentioned: Think and Grow Rich by Napoleon Hill – A deep dive into mindset and wealth-building. The power of leverage: How to work smarter, not harder, in investing. How financial planners operate and why most don’t use advanced strategies like covered calls. The Gnostic Gospels - "If you bring forth that which is within you, then that which is within you will be your salvation. If you do not bring forth that which is within you, then that which is within you will destroy you." Join the Conversation: What are the most important things in your life that wealth can help you achieve? Send me a message or connect on Substack ( https://wealthbuildingwithoptions.substack.com ) Subscribe & Stay Tuned: Be sure to subscribe so you don’t miss the next episode on how to generate consistent wealth in the stock market!…

Wealth Building With Options

1
Wealth Building With Options Ep 1 - Prologue 19:17

7 weeks之前19:17