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) ...
