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Wealth Building With Options: Daily Summaries Delivered
by Wealth Building With Options
Welcome to the Wealth Building With Options Podcast with Dan Passarelli. This podcast is dedicated to making you a calm, consistent and confident options trader. Inside each episode, Passarelli, an options industry veteran, helps you avoid the common mistakes, pitfalls and misconceptions about options trading as a consistent wealth building activity. You will discover actionable strategies to build wealth using assets you may already own. With a primary focus on the traditional “Wheel Strategy,” Passarelli taps his 30+ years as a market maker on the Cboe floor and options educator for investment firms, traders and international governments to make the process simple, straightforward and effective. As a subscriber to the Wealth Building With Options Podcast you will gain the valuable insights only an experienced trader and educator can provide. You’ll discover the keys to making covered calls and cash-secured puts work for you as a consistent wealth building activity. Whether you are in
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- Today17 min
Ep92 - Dividend Investing Using Options
In this episode, Dan explains how dividend investing and options can work together. He covers dividend yield, payout ratios and how cash-secured puts can help investors target a stock price that produces the dividend yield they want. Dan also explains why dividends affect option pricing, how early assignment can impact covered calls and why investors should look beyond a high yield to determine whether a dividend is sustainable. Key Topics How dividends affect stock value Understanding the ex-dividend date Why dividends are reflected in option prices Early assignment risk with covered calls How to calculate dividend yield Using the dividend payout ratio Screening for sustainable dividend stocks Targeting a desired dividend yield Using cash-secured puts to establish an entry price Combining dividends with option premium Key Takeaways A high dividend yield isn't enough. Investors should also evaluate whether the company is earning enough to support the dividend. Dividend yield rises as the stock price falls. That can create opportunities to target a more attractive entry price. Cash-secured puts can help establish that entry price. Dan uses put strikes and premium to target an effective stock purchase price that produces the dividend yield he wants. Dividend history matters. Dan also looks at factors such as consecutive years of dividend payments and dividend increases. Options and dividends can work together. Combining dividend income with accumulated option premium can add another dimension to a long-term Wheel strategy. Connect Explore the Dividend DNA tools inside the Wealth Builder platform, including dividend yield, payout ratios, P/E ratios, dividend history and other stock-selection data. Visit MarketTaker.com/tryWB to try the Wealth Builder platform for 30 days. Subscribe to Wealth Building With Options in your favorite podcast app. To learn more about Dan Passarelli and Market Taker Mentoring, visit MarketTaker.com. Disclosure: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read Characteristics and Risks of Standardized Options (ODD), which can be found at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document Don’t trade with money you are not prepared to lose. Anything discussed on this show is intended to be generalized information and not intended to be a recommendation to buy or sell any security. The host and guests are not familiar with listeners’ specific situations. For trading information relevant to your specific needs, speak with a licensed broker or advisor. Trumpet Trumpet Fanfare by bevibeldesign -- https://freesound.org/s/350428/ -- License: Creative Commons 0 Wah Wah Wah Wah wah trumpet failed joke punch line.wav by Doctor_Jekyll -- https://freesound.org/s/240195/ -- License: Attribution 4.0 Dramatic Drum Roll dramatic drum roll.wav by ingsey101 -- https://freesound.org/s/51401/ -- License: Attribution 3.0
- 1 weeks ago37 min
Ep91 - Author and Professional Trader Euan Sinclair
Dan talks with professional options trader, quantitative strategist and author Euan Sinclair. With nearly 30 years of experience, Euan shares his data-driven perspective on volatility, risk and why the Wheel has more academic support than many popular retail strategies. Dan and Euan also challenge several common options beliefs, including the idea that time decay automatically creates an edge. They discuss why every options trade is ultimately a volatility trade, the importance of understanding your objective and why simple, well-tested strategies often beat overly complicated ones. Key Topics Euan Sinclair's path from physics to professional options trading Why the Wheel has academic research behind it The misconception that theta automatically creates an edge Why every options trade is a volatility trade How professionals analyze volatility Quantitative analysis vs. traditional technical analysis Defining objectives and risk before entering a trade Understanding assignment in covered calls and cash-secured puts Why complicated option structures aren't necessarily better Risk management and advice for newer options traders Key Takeaways Time decay by itself isn't an edge. An option must be mispriced for the seller to have a genuine advantage. Every options trader is a volatility trader. Options depend on the size of the underlying move, not simply whether the stock goes up or down. Know exactly what you're trying to accomplish. Risk means different things to different traders, so every trade should begin with a clear objective. Don't overreact to one trade. A single winner or loser tells you very little about whether a strategy has a durable edge. Keep strategies as simple as possible. Complex structures don't create an edge by themselves and can make risk harder to understand and manage. Connect Learn more from Euan Sinclair through his books on options and volatility, including Volatility Trading, Option Trading: Pricing and Volatility Strategies and Techniques, and Positional Option Trading. Subscribe to Wealth Building With Options in your favorite podcast app and leave a comment to let Dan know what you'd like to hear covered in future episodes. To learn more about Dan Passarelli and Market Taker Mentoring, visit MarketTaker.com. Disclosure: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read Characteristics and Risks of Standardized Options (ODD), which can be found at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document Don’t trade with money you are not prepared to lose. Anything discussed on this show is intended to be generalized information and not intended to be a recommendation to buy or sell any security. The host and guests are not familiar with listeners’ specific situations. For trading information relevant to your specific needs, speak with a licensed broker or advisor. Trumpet Trumpet Fanfare by bevibeldesign -- https://freesound.org/s/350428/ -- License: Creative Commons 0 Wah Wah Wah Wah wah trumpet failed joke punch line.wav by Doctor_Jekyll -- https://freesound.org/s/240195/ -- License: Attribution 4.0 Dramatic Drum Roll dramatic drum roll.wav by ingsey101 -- https://freesound.org/s/51401/ -- License: Attribution 3.0
- 2 weeks ago28 min
Ep90 - Discounted Cash Flow Models: Strengths and Weaknesses
In this episode, Dan explains how discounted cash flow models can help investors estimate what a stock may actually be worth. He breaks down the basic components of a DCF model, then uses real stocks to show both its usefulness and its limitations. Dan also explains why a DCF valuation should never be treated as a prediction. Assumptions matter, small changes can produce very different results and DCF analysis works best as one part of a broader stock-selection process. Key Topics What a discounted cash flow model does Estimating intrinsic stock value Discounting future cash flows Free cash flow and terminal value Weighted average cost of capital Base, bull and bear valuations Why DCF assumptions matter Valuing growth versus value stocks Real examples using ADBE, SMCI and MO Using DCF analysis for Wheel candidates Key Takeaways DCF models estimate value, not future stock prices. They use expected future cash flows and the cost of capital to estimate what a company may be worth today. The assumptions can make or break the analysis. Growth rates, discount rates and terminal-value assumptions can significantly change the result. Scenario analysis provides more context. Looking at base, bull and bear cases can help investors see how different assumptions affect valuation. DCF models aren't equally useful for every company. Fast-growing stocks can be particularly difficult to value because so much depends on future expectations. Use DCF as one data point. Dan combines it with other fundamental analysis when selecting stocks for long-term investing and Wheel trades. Connect Paid subscribers to Wealth Building With Options can watch the Video Extra for this episode to see Dan walk through the DCF model visually. Visit wealthbuildingpodcast.com to become a paid subscriber. You can also try the Wealth Builder platform, which includes Dan's discounted cash flow model along with tools for tracking Wheel trades, aggregate option premium and dividends. Visit MarketTaker.com/tryWB for a free 30-day trial of the Wealth Builder platform. Subscribe to Wealth Building With Options in your favorite podcast app and leave a comment to let Dan know what you'd like to hear covered in future episodes. To learn more about Dan Passarelli and Market Taker Mentoring, visit MarketTaker.com. Disclosure: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read Characteristics and Risks of Standardized Options (ODD), which can be found at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document Don’t trade with money you are not prepared to lose. Anything discussed on this show is intended to be generalized information and not intended to be a recommendation to buy or sell any security. The host and guests are not familiar with listeners’ specific situations. For trading information relevant to your specific needs, speak with a licensed broker or advisor. Trumpet Trumpet Fanfare by bevibeldesign -- https://freesound.org/s/350428/ -- License: Creative Commons 0 Wah Wah Wah Wah wah trumpet failed joke punch line.wav by Doctor_Jekyll -- https://freesound.org/s/240195/ -- License: Attribution 4.0 Dramatic Drum Roll dramatic drum roll.wav by ingsey101 -- https://freesound.org/s/51401/ -- License: Attribution 3.0
- 3 weeks ago34 min
Ep89 - Using Skew to Make Better Wheel Trades
In this episode, Dan explains how volatility skew can help traders make more informed decisions when selecting strikes for covered calls and cash-secured puts. He starts with the volatility risk premium behind option selling, then breaks down how implied volatility can vary across different strikes on the same stock. That difference, known as vertical skew, can reveal where option buyers and sellers are creating unusual pricing opportunities. Dan explains the typical volatility pattern, why lower-strike options often carry higher implied volatility and what it means when that relationship changes. Using a real-world example, he shows how strong demand for calls can create an upward-sloping call skew, giving Wheel traders richer premiums at higher strikes but also signaling greater upside risk. He then shows how the same analysis can improve cash-secured put selection and even help evaluate covered strangles. Key Topics Why the volatility risk premium matters to Wheel traders What volatility skew is and why it develops The difference between horizontal and vertical volatility skew Why lower-strike puts typically have higher implied volatility How covered call selling can influence volatility at higher strikes What an upward-sloping call skew can reveal about market demand Using Newmont Mining as an example of abnormal call skew Balancing richer covered call premiums against greater upside risk How skew can improve cash-secured put and covered strangle decisions Using implied volatility across strikes to improve Wheel strike selection Key Takeaways Skew shows that implied volatility isn't the same at every strike. Options on the same underlying can trade at different implied volatilities depending on their strike price, creating a slope across the option chain. Normal skew is largely driven by supply and demand. Investors frequently buy lower-strike puts for protection, which can increase their prices and implied volatility. At the same time, covered call sellers create natural supply in higher-strike calls. Some stocks develop an unusual call skew. When traders aggressively buy calls in fast-moving, popular or momentum-driven stocks, successively higher call strikes can actually carry higher implied volatility instead of lower volatility. Higher implied volatility can mean richer premium, but it isn't automatically an edge. The reason calls are expensive may be that the market sees legitimate potential for a large upside move. Traders need to evaluate why the skew exists before assuming the additional premium is attractive. Newmont Mining provides an example of upward-sloping call skew. Dan shows how implied volatility increased as the call strikes moved higher, reflecting a stock that had demonstrated the ability to make substantial upside moves. A richer covered call comes with a trade-off. Selling a higher-strike call at elevated implied volatility can produce more premium, but the stock may also be more likely to make the kind of move that forces an adjustment or causes the trader to give up upside. Tracking aggregate premium helps put adjustments in context. Dan explains that knowing how much option premium you've collected over the life of a Wheel position can help determine whether accepting the possibility of a negative scalp or adjustment makes sense. There is no universal rule for unusual skew. An upward-sloping call skew doesn't mean traders should always sell covered calls or always avoid them. The decision depends on the stock, the potential upside move, adjustment possibilities and the additional premium available. Skew can also benefit cash-secured puts. When lower put strikes carry increasingly higher implied volatility, traders may be able to sell out-of-the-money puts at richer volatility levels. In some cases, both sides of the skew can also make a covered strangle worth evaluating. Make skew part of your normal option-chain analysis. When evaluating a Wheel trade, don't look only at the implied volatility of the strike you're considering. Scan the strikes above and below it to see whether another strike offers a better combination of premium, room for the stock to move and annualized return. Connect Try the Wealth Builder trading platform, designed specifically for Wheel traders. It
- 4 weeks ago27 min
Ep88 - How to Talk to Your Spouse About Trading
Dan tackles a part of trading that rarely gets discussed: how to talk with your spouse or partner about putting family money into a trading account. Drawing on his own experience and more than three decades of working with traders, Dan explains why concerns about risk, losses and financial responsibility are reasonable, especially when your partner doesn't yet have the context behind your trading plan. Dan walks through the conversations traders should have before committing money, time or resources to trading. He covers building a clear trading plan, setting risk limits, preparing for drawdowns, getting proper education, discussing the time commitment and anticipating additional expenses. Most importantly, he explains why the goal shouldn't simply be getting permission to trade. It should be creating genuine buy-in by listening to your partner's concerns and making financial decisions together. Key Topics Why trading can create financial and emotional concerns for a spouse Deciding whether you're truly prepared to become a self-directed trader Creating a trading plan before committing family money Determining position size, targets and loss limits in advance Preparing emotionally for losing trades and drawdown periods Giving your spouse context about how you plan to manage risk Why trading education should be part of the conversation Discussing the time commitment trading will require Planning for equipment, tools and other trading-related expenses Asking questions and building genuine agreement with your spouse Key Takeaways Your spouse's concerns about trading may be completely reasonable. Trading represents a new use of family money, and without context, a partner may naturally worry about how much could be lost and whether the trader truly understands the risks. Answer the hard questions for yourself first. Before explaining your trading to someone else, know whether you should be trading, how much capital you're willing to commit and what risks you're prepared to take. Trading requires a defined plan. You should know what triggers a trade, how much of the account you'll allocate, how targets will be determined and when losses will be cut. Losses are part of trading. Even a sound approach can experience individual losing trades and periods of drawdown. A trader needs to understand and accept that before putting family capital at risk. Know your emotional limits too. Dan emphasizes having an “emotional stop loss” and recognizing when losses could push you into making impulsive decisions or trading on tilt. Give your spouse facts rather than vague assurances. A well-developed trading plan provides specific information about what you're doing, why you're doing it and how you intend to control risk. Education should be part of the plan. Dan argues that traders should develop the knowledge and skills required before putting significant capital at risk rather than learning everything through expensive mistakes in the market. Trading affects more than the brokerage account. The time spent researching, monitoring positions and learning can affect family responsibilities, so expectations about the time commitment should be discussed in advance. Talk about expenses before they appear. Education, software, tools, monitors and other trading expenses should be part of the plan rather than unexpected charges that create friction later. Don't aim for permission. Aim for buy-in. Ask your spouse questions, encourage concerns and listen to the pushback. Those conversations can reveal weaknesses in the plan and help both partners make the decision together. Connect Try the Wealth Builder platform, designed specifically for Wheel traders. It tracks aggregate option premium over time, helps determine cost basis and includes tools for evaluating underlying stocks and identifying potential Wheel candidates. Podcast listeners can get a free 7-day trial with no credit card required at MarketTaker.com/WB. Subscribe to Wealth Building With Options in your favorite podcast app and leave a comment to let Dan know what you'd like to hear covered in future episodes. To learn more about Dan Passarelli and Market Taker Mentoring, visit M
- Oct 6, 202628 min
Ep87 - What's the Best Market for Trading the Wheel? (You'll Be Surprised!)
Dan challenges the idea that calm, sideways markets are always best for trading the Wheel. His argument is more counterintuitive: Volatile markets can create some of the best opportunities for covered calls and cash-secured puts, provided traders have clear objectives, understand how to adjust positions and are comfortable with the stocks they may end up owning. Dan explains why falling markets can create attractive buying opportunities through cash-secured puts, while sharp rallies can create opportunities to sell covered calls at higher strikes. He also digs into adjustment techniques such as net zero rolls and shows how “wish list orders” can take advantage of large market swings that might otherwise make traders nervous. The key is learning to view volatility as an opportunity rather than automatically treating it as a problem. Key Topics Why volatile markets can be attractive for Wheel traders The biggest reasons traders believe covered calls and cash-secured puts don't work Using cash-secured puts to buy stocks at predetermined prices Evaluating stocks based on value rather than short-term price movements Managing covered calls when stocks move sharply above the strike Using net zero rolls to adjust covered call positions Trading money for time when rolling options Why adjustment skills matter in fast-moving markets Using wish list orders for covered calls and cash-secured puts Turning large market swings into potential Wheel opportunities Key Takeaways Volatility isn't necessarily the enemy of the Wheel. Dan believes volatile markets can actually be some of the best environments for covered calls and cash-secured puts when traders have clear objectives and know how to manage positions. A falling stock doesn't automatically mean a cash-secured put failed. If you've already determined that you're willing to own the stock at the strike price, a decline can simply lead to acquiring shares at a price you previously decided was acceptable. Make the buying decision before the market gets emotional. Selling a cash-secured put forces you to choose the price where you're willing to own the stock in advance, based on valuation, annualized yield or another defined objective. Long-term value matters more than short-term price fluctuations. Dan emphasizes evaluating what a company is worth rather than trying to predict exactly where its stock will trade tomorrow, next week or next month. Covered calls require a plan for strong upside moves. When a stock rises sharply through the call strike, the answer isn't necessarily to panic or immediately allow assignment. Adjustment techniques can give the position more time and potentially move the strike higher. A net zero roll trades money for time. By buying back an in-the-money call and selling a later-dated call at a higher strike for approximately the same amount, the trader can change both the strike and expiration without necessarily adding a new debit to the position. Adjustment skills are part of trading the Wheel. Stocks will sometimes move much farther than expected. Knowing how to roll and manage those situations can make large moves less intimidating. Volatile markets can create better opportunities for cash-secured puts. Sharp selloffs can push option premiums higher and allow orders at lower strikes to fill, potentially giving investors an opportunity to acquire shares at prices they already identified as attractive. Wish list orders can take advantage of sudden market moves. Dan places orders at strikes that may initially look unrealistic, knowing that a sharp market move could temporarily push option prices high enough for those orders to fill. The goal isn't to avoid every uncomfortable market move. The Wheel is a long-term process. Dan's approach is to use volatility, disciplined strike selection and adjustment techniques to keep working the strategy rather than assuming that a stock crossing a strike means the trade failed. Connect Try the Wealth Builder platform, designed specifically for Wheel traders. It tracks aggregate option premium over time, helps determine cost basis and includes tools for evaluating underlying stocks and identifying potential Wheel candidates. Podcast listeners can get a free 7-day trial with no credit card require
- Sep 29, 202624 min
Ep86 - Tracking Option Wheel Trade Results
In this episode, Dan tackles one of the most overlooked parts of trading the Wheel: accurately tracking results over time. A single cash-secured put or covered call doesn't tell the whole story. To understand how a Wheel position is actually performing, you need to account for every option credit and debit, assignment, stock transaction and completed cycle associated with the underlying. Dan explains why brokerage platforms aren't designed to track a long-running “big cycle” of Wheel trades and why reconstructing performance after the fact can become a tedious spreadsheet exercise. He walks through the challenges of calculating results when trades include assignments, covered calls, cash-secured puts, stock scalps and open positions. He also introduces the Wealth Builder platform, which he created to make Wheel tracking, fundamental analysis and risk management easier. Key Topics Why accurately tracking Wheel trade results matters Measuring the entire “big cycle” instead of individual trades Why traditional cost basis calculations don't tell the whole story Tracking option credits, debits and stock transactions Why brokerage platforms aren't designed to track Wheel strategies over time Reconstructing historical Wheel trades with brokerage data and spreadsheets Accounting for assignments, stock scalps and expired options Avoiding incomplete cycles and orphaned credits or debits Tracking aggregate premium and the cumulative discount effect Using the Wealth Builder platform for trade tracking, fundamentals and risk management Key Takeaways Measure the entire Wheel process. Looking only at the latest cash-secured put or covered call can give an incomplete picture. Previous trades on the same underlying affect the results of the larger Wheel cycle. Treat trading like a business. Dan emphasizes that Wheel trading involves a continuing series of debits and credits. Just as a business tracks its costs and receipts, traders should know the actual numbers behind their positions. Start tracking early. Reconstructing months or years of Wheel trades after the fact can require digging through brokerage history and rebuilding the position transaction by transaction. Your brokerage account doesn't necessarily tell you how your Wheel strategy performed. Brokerage platforms track transactions and positions, but they're generally not designed to combine multiple option and stock transactions into one continuous Wheel cycle. A complete cycle needs matching transactions. When analyzing historical trades, make sure the period you're measuring contains complete transactions rather than stock purchases, option sales or other positions that remain open at the end of the measurement period. Watch for orphaned credits and debits. An open short option can leave a credit without a corresponding closing debit, which can distort the results if it's included as though the trade were complete. Stock assignments and scalps require special attention. When shares are acquired through put assignment and later called away, both sides of the stock transaction need to be accounted for when calculating the results of the complete cycle. The cumulative discount effect provides a broader view of a Wheel position. Tracking aggregate option premium alongside stock transactions can help show how the complete series of Wheel trades has affected the position over time. Risk management should be planned before emotions take over. Dan's Wealth Builder platform includes a Risk Manager that allows traders to establish risk thresholds in advance rather than making decisions in the heat of the moment. Better tracking creates better information for future decisions. Knowing the results of previous Wheel cycles gives traders an objective baseline they can use to evaluate and refine their process. Connect Try the Wealth Builder platform, created specifically for Wheel traders. It tracks Wheel trades across a portfolio, including aggregate premium, cumulative discount effect, stock scalps and dividends. It also includes fundamental data, position alerts, risk-management tools and an educational video library. Podcast listeners can get a free 7-day trial with no credit card required at MarketTaker.com/WB. S
- Sep 22, 202620 min
Ep85 - Double Dipping When Trading the Options Wheel
Dan explains how certain Wheel trades can create an opportunity to “double dip” by collecting option premium from both sides of a stock position. The strategy is a covered strangle, combining stock ownership with a short call and a short put. Dan uses a real position in The Metals Co. (TMC) to show how this setup can develop naturally while trading the Wheel. Dan walks through why he chose to sell puts instead of covered calls while TMC was trading near $4, what happened when one tranche of those puts was assigned and how the additional shares opened the door to selling calls while another put position remained open. He also explains why he accepted assignment instead of rolling the puts, demonstrating how liquidity, bid-ask spreads, synthetic positions and trade objectives can influence real-world Wheel management decisions. Key Topics What “double dipping” means when trading the Options Wheel Understanding the structure of a covered strangle Using a real TMC Wheel trade as a case study Selling puts when you don't want to cap a stock's potential upside Managing multiple tranches of shares within the same Wheel position Combining long stock, short puts and short calls Using different strikes and expirations in a split-time strangle Why assignment can sometimes be preferable to rolling a cash-secured put How option liquidity and bid-ask spreads affect trade management When liquidity can become less important in a Wheel strategy Key Takeaways Covered strangles can create two sources of option premium. When the setup is appropriate, an investor who owns shares can sell calls against part of the position while simultaneously selling puts on shares they're willing to acquire. The strategy isn't appropriate for every Wheel trade. Dan views the covered strangle as a tool to use when the position, outlook and trade objectives create the right opportunity rather than something that should automatically be applied to every stock. You don't have to sell calls against every share you own. Dan wanted to maintain the upside potential on his original TMC shares, so he planned to sell covered calls only against the newer shares acquired through put assignment. Selling puts can make sense when you're willing to own more shares. Dan was comfortable acquiring additional TMC shares at the $4 strike, allowing him to collect put premium while waiting to see whether assignment occurred. Assignment can create the next stage of the Wheel. Once Dan's first tranche of puts was assigned, those new shares could be used for covered calls while his other short puts remained open. A covered strangle doesn't necessarily require matching expirations. Calls and puts can potentially use different expiration dates, creating what Dan describes as a “split time strangle.” Rolling isn't automatically the best choice. Even though a covered call and cash-secured put can be synthetically equivalent, poor liquidity may make rolling the put unattractive. Execution costs matter. Wide bid-ask spreads can make it difficult to close and roll an option at an acceptable price, potentially changing the best way to manage the position. The Wheel can provide another way to deal with less-liquid options. If you're comfortable accepting assignment, allowing an option to reach expiration can sometimes eliminate the need to pay an unfavorable spread to close it. Trade management should follow the objective of the position. Dan's TMC example shows how stock outlook, volatility, liquidity, assignment and existing share exposure can all influence whether to sell calls, sell puts, roll or simply allow an option to expire. Connect Join Dan for the Wealth Builder Trade Room, a live online master class where he trades his personal IRA and walks through his positions, option selection, adjustments, rolls and the fundamental and technical analysis behind his investments. The Trade Room meets every Friday at 11:15 AM Eastern / 10:15 AM Central / 8:15 AM Pacific. To join the Wealth Builder Trade Room, visit MarketTaker.com/wealth. Subscribe to Wealth Building With Options in your favorite podcast app and leave a comment to let Dan know what you'd like to hear covered in future episodes. To learn more about Dan Passarelli and Market Taker Mentoring,
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About Wealth Building With Options
Welcome to the Wealth Building With Options Podcast with Dan Passarelli. This podcast is dedicated to making you a calm, consistent and confident options trader. Inside each episode, Passarelli, an options industry veteran, helps you avoid the common mistakes, pitfalls and misconceptions about options trading as a consistent wealth building activity. You will discover actionable strategies to build wealth using assets you may already own. With a primary focus on the traditional “Wheel Strategy,” Passarelli taps his 30+ years as a market maker on the Cboe floor and options educator for investment firms, traders and international governments to make the process simple, straightforward and effective. As a subscriber to the Wealth Building With Options Podcast you will gain the valuable insights only an experienced trader and educator can provide. You’ll discover the keys to making covered calls and cash-secured puts work for you as a consistent wealth building activity. Whether you are in
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