Wealth Building With Options

Wealth Building With Options
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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 investing in an IRA, a fully funded trading account or are a hobby trader. This is the key to consistent income through options trading.

  1. Ep53 - Lemonade Stands and Other Moments of Trauma

    4D AGO

    Ep53 - Lemonade Stands and Other Moments of Trauma

    Dan explains how wheel-style covered calls can turn “meh” or even speculative stocks into strategic, risk-managed income plays through cumulative premium and even share-loan income. He also explores the often-overlooked reality that trading is a business with costs, especially taxes, commissions/fees and slippage. He shares two real trade stories to show how premium collection can create downside cushion and discusses practical tax considerations. Key Topics Turning “average” stocks into strong outcomes via options overlay Cumulative discount/hedge effect: premium as downside cushion over multiple call cycles Measuring returns: percent of cost basis, annualized return and if-called return framing Speculative wheel setups: when guidelines can be overridden by math Two-pronged income: covered call premium + stock loan interest in heavily shorted names The “lemonade stand” lesson: every business has input costs, trading included Core cost buckets: taxes, commissions/fees, slippage (and why they matter more than people think) Tax positioning: tax-deferred/tax-free accounts (e.g., IRA) for wheel cycles “Trader tax status”/treating trading as a business: what to ask your accountant 1256 contracts and index options: potential tax advantages and why they can clash with wheel mechanics Margin mechanics: why SPX vs. SPY mismatches can become naked exposure under Reg-T Portfolio margin considerations, eligibility requirements and broker-specific rules (and limits in IRAs) Key Takeaways Wheel returns are often about the premium, not the stock. A stock doesn’t need to be a “home run” if the options structure creates a favorable payoff. Cumulative premium reduces speculation. Each additional premium cycle increases downside cushion and improves the risk profile versus the initial entry. High-IV, high-short-interest setups can offer “double dip” income (option premium + share lending), but they are inherently higher risk and require intentional sizing and expectations. Treat trading like a business. Costs are real, especially taxes and execution friction, and ignoring them makes otherwise “good” trades look like they “don’t work.” Account selection matters for the wheel. Because the wheel mixes long-term stock holding with short-term option cycles, tax treatment can get messy in taxable accounts. Know the product mechanics before chasing tax benefits. Index options and 1256 treatment can be attractive, but wheel-style coverage can break if the underlying and option product don’t margin as a true covered position. Your next best move is better questions. Bring your accountant/broker targeted questions about account type, deductions/eligibility and margin rules. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. 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

    33 min
  2. Ep52 - Wheel Trades That Don’t Suck (Part II)

    FEB 4

    Ep52 - Wheel Trades That Don’t Suck (Part II)

    Dan shifts from cash-secured put “double threat” setups to covered calls, especially the skate objective (keeping premium without assignment). He explains why technical analysis is often the most practical way to add edge to covered call strike selection, particularly by using resistance, momentum tools like RSI and realistic range expectations. He also walks through how to sanity-check any setup with annualized yield and what to do if the stock runs through your strike (accept assignment vs. roll proactively). Key Topics Covered calls vs. cash-secured puts: same structure, different investor use cases Planning covered calls by objective: skate (avoid assignment) vs. trade (sell stock) Why technical analysis is especially useful for covered call skate trades Resistance as a “speed bump” that can override pure probability distributions Momentum tools for topping signals: RSI (overbought pullback, divergences) and ADX Range expectations using volatility and why it’s informational, not true edge De-annualizing volatility to estimate a short-term range (standard deviation over DTE) Why “84% probability” strike-setting can be arbitrary and premium congruent Limitations of implied vs. historical volatility for strike selection Range indicators (Bollinger Bands/Keltner Channels): why Dan found them lacking Introducing Dan’s custom tool: PAS (Price History Anchored Strike) indicator Case study walkthrough: aligning resistance + PAS band, then validating with yield Decision tree when strike gets threatened: accept assignment vs. roll up / up-and-out Key Takeaways Resistance can provide edge. It often repels advances more than a purely random (lognormal) model would suggest, making it useful for protecting covered calls. TA beats “probability trivia.” Volatility-based strike placement mostly tells you odds that are already reflected in premium; resistance/RSI can add an extra “bump in the road.” Annualized yield is the filter. Even if the strike is well-placed, the covered call still needs to pay enough to justify the trade. Volatility estimates have limits. Implied volatility is heavily supply/demand-driven, and historical volatility may not match the coming regime. Use both cautiously. Strike selection is never exact. You’ll always round to listed strikes; the goal is stacking confirmations (e.g., resistance + PAS range). Management matters when the stock pushes through. If you want to keep shares, rolling early (often once ITM) is the proactive move; if not, assignment can be a clean exit. Know your outcomes in advance. Skate objective traders should define when they’ll roll; trade objective traders should focus on the if-called transaction return. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. 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

    40 min
  3. Ep51 – Wheel Trades That Don’t Suck

    JAN 27

    Ep51 – Wheel Trades That Don’t Suck

    Dan tackles a common complaint he hears from traders: “The wheel doesn’t work.” His take is straightforward: When wheel trades are placed without clear standards for strike selection, premium adequacy and outcome planning, they can absolutely “suck.” He shows how to build better wheel setups by using annualized return metrics (especially skate yield) and by designing trades where either outcome, skating or getting assigned, can be a win.  Key Topics Why many wheel trades fail: missing key nuances in setup and expectations Moving from “what do I do if X happens?” to “what outcome do I get if X happens?” The importance of minimum premium vs. stock price (and why a blanket rule won’t work) Using annualized returns to compare trades across different timeframes Cash-secured puts from first principles: premium as ROI on cash set aside Skate return on cash and skate yield as core wheel decision tools The “double threat” concept: designing puts where both skating and assignment are favorable Selecting put strikes using valuation targets (e.g., PE-based price targets) or support levels Picking expirations by calculating and comparing skate yield across multiple cycles Why far OTM puts often produce poor ROI despite still carrying meaningful risk Using the cumulative discount effect to improve future entry flexibility after repeated skates Key Takeaways Wheel trades don’t fail; bad wheel setups do. Most “the wheel sucks” stories trace back to poor strike/premium decisions and unclear objectives. Annualized yield is the best reality check. It keeps you from accepting premiums that look “fine” in dollars but are weak as an investment return. Skate yield is a power metric for cash-secured puts. Premium ÷ strike (annualized) lets you compare puts to other yield instruments like CDs and bonds. You don’t need trades to be repeatable for annualized returns to be useful. The point is selecting each unique opportunity with an attractive risk-adjusted return. Aim for “double win” setups. The best put trades can be structured so if you skate, you earn a strong yield on reserved capital, and if you get assigned, you buy shares at a price your analysis already says is attractive. Ignore post-trade regret about upside. If you wouldn’t buy the stock at today’s price, it’s not meaningful to lament “money left on the table.” Avoid the far-OTM trap. Low premium can create a poor ROI even if assignment risk feels “less likely.” Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. 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

    34 min
  4. Ep50 - That Which Is Measured Is Improved

    JAN 20

    Ep50 - That Which Is Measured Is Improved

    Dan lays out the core performance metrics that help wheel traders evaluate, compare, and improve covered calls and cash-secured puts. He explains why isolating the option component of returns matters and why annualizing turns “apples to apples.” He also introduces a powerful long-term concept, the cumulative discount effect, where repeated premium collection steadily lowers your effective risk over cycles. Key Topics Why measuring trade performance leads to better decision-making Separating the option “yield” from the stock’s P&L noise Covered call metrics: static return, annualized yield, if-called return Covered call reference points: breakeven/cost basis and indifference point Why time value (extrinsic) is the key input in these formulas Cash-secured put metrics: skate return on cash and annualized skate yield Cash-secured put reference points: breakeven/cost basis and indifference point Comparing cash-secured put yield to other investments (CDs, bonds, etc.) The cumulative discount effect across wheel cycles Why cumulative premium can reduce risk and improve Sharpe Ratio Clarifying “cost basis” vs. tax cost basis Key Takeaways Metrics create clarity. You can’t improve what you don’t measure, especially in a strategy built on small edges. Use time value, not total premium, for true option yield. Extrinsic is what decays and what you’re paid to harvest. Annualize to compare fairly. Annualized yield lets you compare different expirations and even different underlyings. Know your outcome scenarios. Static/skate metrics assume no assignment; if-called metrics assume assignment—both matter. Cumulative discount is the long-game advantage. Over cycles, repeated premiums lower effective entry price, reduce risk and can improve risk-adjusted returns. “Cost basis” here is conceptual, not tax guidance. Treat these as trading metrics—not tax accounting. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. 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

    36 min
  5. Ep49 - The Problem with Backtesting

    JAN 13

    Ep49 - The Problem with Backtesting

    Dan takes a critical but balanced look at backtesting and why it often leads traders astray, especially when it comes to strike and expiration selection for covered calls and cash-secured puts. Drawing on decades of experience and firsthand work with traders and developers, Dan explains why backtesting tools have structural limitations, how those limitations create misleading conclusions, and why discretion, objectives and real-world market structure still matter far more than “optimal” backtested metrics. Key Topics What backtesting is—and what it’s actually good for Why strike and expiration selection matter so much for edge The hidden limitations of backtesting platforms Why support and resistance can’t be meaningfully backtested The subjectivity of fundamental analysis and valuation models Common backtesting strike rules: delta, % moneyness and standard deviation Why no single delta or strike distance can be “best” Rounding errors and incomplete option-chain data Entry/exit limitations caused by expensive market data Unintentional data fitting based on test time horizons How backtesting can create false confidence and bad habits Using objectives (skate vs. trade) to guide real-world strike selection Key Takeaways Backtesting is useful—but incomplete. It can inform strategy behavior, but it cannot capture discretion, context or market structure. Strike “optimization” is often an illusion. Apparent outperformance by a specific delta or distance is usually the result of rounding, data constraints or time-period bias. Markets don’t reward mechanical precision. If one delta were objectively superior, the options pricing model itself would be broken. Support, resistance and fundamentals matter but can’t be coded cleanly. These human-driven factors provide real edge but resist automation. Objectives should drive decisions. Use technical levels for skate trades and fundamentals for trade-objective setups. You’ll never get it perfectly right—and that’s OK. Adjustments and rolling are part of the wheel, not failures. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. 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

    33 min
  6. Ep 48 - The Wheel Strategy Resolutely

    JAN 6

    Ep 48 - The Wheel Strategy Resolutely

    Dan ties the wheel strategy to New Year’s resolutions, emphasizing that the wheel only works when it’s traded consistently and in cycles. He explains how to systematize the process so it fits into real life—reducing friction, minimizing time demands and making long-term wealth building sustainable. Key Topics Why the wheel succeeds only as a cyclical strategy Commitment to process over individual trades Fitting the wheel into your daily or weekly schedule Stock selection and trade execution timing Managing expirations, assignments and recycling trades Minimizing adjustments and ongoing maintenance Using planning and automation to save time Systemizing the wheel for long-term results Key Takeaways One-off trades don’t build wealth—cycles do. The power of the wheel comes from repeating the process consistently over time. Systemization is essential. A clear, repeatable routine makes the wheel sustainable and effective. The wheel must fit your life. When the strategy aligns with your schedule, it becomes manageable and even enjoyable. Time requirements are modest. With planning, most wheel maintenance takes minutes—not hours. Consistency beats intensity. A steady, methodical approach delivers better long-run results than sporadic effort. Make it a resolution worth keeping. This is the year to commit to a structured, cyclical investing process. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show.   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

    12 min
  7. Ep47 - Not the Most Important Thing, But Important

    2025-12-30

    Ep47 - Not the Most Important Thing, But Important

    Dan puts implied volatility in its proper place: It’s not the single most important factor in wheel trading, but it meaningfully improves outcomes over time. Using a field-goal analogy, Dan explains how volatility analysis adds a “little edge” on each trade that compounds across many cycles. He then goes deeper into when volatility matters most, plus a practical framework for evaluating whether selling puts or calls into earnings creates a favorable “sweet spot.” Key Topics Why implied volatility is not the most important thing—but still important The 1-2-3 volatility analysis for identifying overpriced options Active vs. passive wheel trading and volatility requirements The wheel hierarchy: price movement, theta decay, then volatility Risk premium and why options tend to be overpriced over time “When in doubt, palms out” and the premium-seller mindset Volatility regimes and how prolonged low IV changes decisions When extremely high IV is a warning sign, not an opportunity Why IV matters less for ultra-short DTE options Earnings as a volatility event: when to avoid vs. exploit Using break-even and indifference points to find the earnings “sweet spot” Using puts to enter or calls to exit around earnings Key Takeaways IV is an edge, not the core driver. Underlying price movement and theta are usually more influential in wheel outcomes, but IV adds incremental advantage that compounds over time. Active and passive wheel traders use IV differently. Active traders may require confirmation that options are overpriced; passive traders may prioritize keeping the cycle going and capturing the long-run risk premium. Humility matters in volatility forecasting. You can’t know with certainty whether options are mispriced until after expiration, so rules-based processes help reduce overconfidence. Regime awareness beats day-to-day noise. A few low-IV days are normal; weeks or months of a pattern can justify sitting out or adjusting tactics, especially in strong rebound “freight train” markets. Extremes cut both ways. Slightly high IV can be attractive for selling, but extremely high IV may signal risk you don’t understand. Earnings setups can be evaluated objectively. Compare historical earnings gaps with the option’s break-even/indifference “sweet spot” to judge whether premium meaningfully compensates for the expected move. If selling calls to exit stock into earnings, assignment probability matters. At-the-money or slightly in-the-money calls can improve assignment odds and provide more downside cushion, but the true advantage comes from time premium, not intrinsic value. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show.   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

    49 min
  8. Ep46 - Lost in Home Depot

    2025-12-23

    Ep46 - Lost in Home Depot

    Dan explains why wheel traders must think about technical analysis differently from momentum or breakout traders. Using a Home Depot analogy, Dan shows how the right tool for the job matters—especially when selecting indicators for skate-objective trades. He dives into oscillators (with a focus on RSI) and introduces a new strike-selection concept he’s developing. Key Topics Why trends and momentum are often the enemy of wheel traders Using technical analysis to reduce trades per wheel cycle Choosing the right indicators for skate-objective trades Oscillators and how they differ from breakout indicators Deep dive into the Relative Strength Index (RSI) Overbought and oversold signals for covered calls and cash-secured puts RSI divergences and what they signal for wheel traders Introduction to the PAS (Price-history Anchored Strike) indicator Why wheel traders avoid “trendy” stocks Overview of volatility analysis as part of the options trader’s trifecta Key Takeaways Wheel traders don’t want momentum. Strong trends often force rolls, increase trade count and slow down wheel cycles. Technical analysis should reduce activity, not increase it. The goal is fewer trades per cycle, not more signals. Oscillators are better tools for wheel traders. Indicators like RSI help identify waning momentum rather than breakouts. RSI can improve strike selection. Overbought and oversold reversals—and divergences—can increase the odds of skating successfully. Indicators don’t predict the future. They provide a small statistical edge when used correctly. Volatility matters as much as price. Understanding whether options are overpriced or underpriced is critical for consistent income strategies. Connect Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com Subscribe on your preferred platform and leave a review to help more traders discover the show. Next Episode Preview: Next time, Dan goes deeper into volatility analysis, expanding on how wheel traders can evaluate implied volatility, historical volatility, and upcoming catalysts to improve covered call and cash-secured put decisions.   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

    32 min
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About

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 investing in an IRA, a fully funded trading account or are a hobby trader. This is the key to consistent income through options trading.

Information

  • Creator
    Wealth Building With Options
  • Years Active
    2025 - 2026
  • Episodes
    53
  • Rating
    Clean
  • Copyright
    © Copyright 2025 All rights reserved.
  • Show Website
    Wealth Building With Options

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