Podcast
Options Boot Camp
Hosted by The Options Insider Radio Network · EN
Options Boot Camp is designed to help get you into peak options trading shape by teaching you options trading inside and out, basic to complex. Listeners can even submit their own options questions to be answered on the show.
11episodes
Episodes
Newest firstAll episodes
Options Boot Camp 398: The Perils of Trading While Traveling
6d ago00:31:49Tap to summarizeIn this episode, Mark Longo and Dan Passarelli hold a crucial discussion on the realities, logistics, and hidden dangers of trading while traveling. They break down their personal rules of thumb for managing risk on the move, why 24-hour trading might eliminate our last remaining "mini-vacations," and how to handle your portfolio so you can actually enjoy your time off. Plus, the drill instructors open up the mailbag to answer your burning questions about market health, the role of monthly vs. weekly expirations, and a special look at the historical spikes in the Cboe Dispersion Index.
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Options Boot Camp 397: Super-Sized VIX Extravaganza
2w ago00:49:28Tap to summarizeWhat exactly is the VIX? How is it calculated? Why doesn't it always move opposite the market? And what's really driving VIX futures, options and volatility ETPs? This week on Options Boot Camp, Mark Longo welcomes back the legendary "Dr. VIX" himself, Russell Rhoads, for an extended deep dive into the world's most popular volatility index. Whether you're new to volatility trading or looking to sharpen your understanding of advanced VIX concepts, this episode is packed with practical insights, common pitfalls, and actionable ideas. In this episode, you'll learn: What the VIX actually measures (and what it doesn't) How the VIX is calculated using SPX options Why VIX can sometimes rise alongside the stock market The mechanics and risks of VIX settlement Spot VIX vs. VIX futures—and why the difference matters Contango, backwardation and the infamous "negative roll yield" How VIX options are priced and what futures drive them Common mistakes new VIX traders make The pros and cons of VXX, UVXY, UVIX and SVIX How Russell uses volatility products as hedges and trading tools Listener questions on volatility products, risk reversals and today's market environment
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Options Boot Camp 396: SPCX Options and Rogue Iron Condors
3w ago00:25:41Tap to summarizeWhat happens when paper trading meets the real world? On this episode of Options Boot Camp, Mark Longo is joined by Dan Passarelli (Market Taker Mentoring) and Matt Amberson (ORATS) to tackle one of the biggest challenges for premium sellers: why a single losing iron condor can wipe out weeks of steady gains. The discussion covers practical risk management techniques for credit spreads, when to take profits, how to manage losing trades, and why backtesting is just as important as paper trading. The panel also dives into the explosive launch of SPCX (SpaceX) options, including record-breaking volume, sky-high implied volatility, and why experienced traders approached the frenzy very differently. Finally, the crew answers listener questions about zero-DTE options, VIX term structure, calendar spreads, and whether the options market has fundamentally changed over the past few years. In this episode you'll learn: Why paper trading can create unrealistic expectations Managing iron condors before one trade wipes out multiple winners Profit-taking vs. stop-loss rules for credit spreads How backtesting can improve trading discipline What made the SPCX options launch historic Trading ultra-high implied volatility Have 0DTE options changed options trading forever? Managing calendar spreads during volatility spikes Why you still can't trade spot VIX
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Options Boot Camp 395: Should You Stop Selling ODTE Options Part 2....The Revenge!!!
4w ago00:32:21Tap to summarizeIs the 0DTE premium-selling boom finally running out of steam? Or are premium sellers still holding the winning hand? In this highly anticipated follow-up to one of our most popular episodes, Mark Longo and Dan Passarelli revisit the question: Should you stop selling 0DTE options? This time, they're armed with something they didn't have before—real intraday backtesting data. Joining the program is Matt Amberson, Founder of ORATS, who brings years of options analytics expertise and a treasure trove of intraday options data to the discussion. Together they dive deep into: The results of extensive 0DTE SPX backtesting Why short strangles continue to outperform in many market environments The surprising impact of trade timing on 0DTE profitability Why selling premium near the open may be far superior to waiting until midday The risks and rewards of short strangles versus iron condors Double calendars and other alternatives for traders seeking defined risk How ORATS built one-minute options data and intraday backtesting tools Whether the new generation of single-name 0DTE options (NVDA, TSLA, MSFT and more) changes the game
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Options Boot Camp 394: Wild Markets, Wacky Puts and Wet Beef
Jun 1100:40:23Tap to summarizeThe markets are getting spicy! In this listener-driven episode, Mark Longo and Dan Passarelli break down the sudden return of volatility, wild 245-point S&P 500 swings, and the VIX crossing back over 20. Topics covered include: Buying Straddles: Is a massive market swing the right time to load up on options premium, or are you buying at the absolute top? Is It Too Late for Puts?: How to hedge when the market drops 4-5% off all-time highs and why the Cboe Skew Index is mostly obtuse for retail traders. The $30 Wheel Rule: Why Dan avoids running the Wheel Strategy on cheap stocks (and how bid-ask spreads quietly crush your profits). Vega vs. Theta: Can you make money if implied volatility (IV) explodes but the stock sits perfectly still? Plus, the guys dig into AI math failures and a massive cultural detour into the only correct way to order a Portillo's Italian beef sandwich (completely dunked!).
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Options Boot Camp 393: Are Weekends Dead?
Jun 300:40:10Tap to summarizeThe traditional closing bell is officially on life support. In this episode of Options Boot Camp, Mark Longo and Dan Passarelli break down the seismic shift hitting the markets: the transition to 23/5 and 24/7 trading for equities and single-stock options. With Cboe securing SEC approval for 23/5 stock trading and launching extended-hours options trading for top names like Apple, Nvidia, Tesla, and Palantir, the guys discuss what this means for liquidity, overnight risk, and the psychological impact on retail traders. We also take a deep dive into the mailbag to answer a vital options theory question: When does theta decay stop helping options sellers? (Hint: Beware the Gamma Beast!)
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Options Boot Camp 392: Are Prediction Markets Too Expensive?
May 2700:42:11Tap to summarizeAre prediction markets like Kalshi and Polymarket a rip-off for retail traders? In this episode of Options Boot Camp, drill instructors Mark Longo and Dan Passarelli break down the exact math behind prediction market fees and compare them directly to equity options commissions. They tackle the biggest complaints about event contract fees, payment for order flow, and why wide bid-ask spreads might actually be a bigger problem than the commissions themselves. The mailbag is also packed with listener questions covering the vertical integration of crypto brokers buying exchanges, handling tech stock crashes while running the Wheel Strategy, the fear of automatic option exercise on expiration Friday, and managing short premium positions. 🔥 EXCLUSIVE LISTENER PROMO: Want a powerful trading platform built by option traders, for option traders? Head over to tastytrade.com/insider to check out the latest listener promotions, maximize your trading edge, and take advantage of elite technology, rates, and support designed to help you succeed!
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Options Boot Camp 391: Geopolitical Risk, Gamma Exposure and Your Deathmatch Wishlists
May 2000:39:07Tap to summarizeThis week on Options Boot Camp, Mark and Dan tackle one of the biggest questions facing traders right now: Are markets underpricing geopolitical risk? They dive into valuation concerns, global uncertainty, and what traders should really be watching. Plus, they explore whether gamma exposure metrics are becoming essential tools or just another overhyped signal. The mailbag is packed with listener questions on the wheel strategy, Bitcoin volatility, crypto options growth, pattern day trading concerns, and broker tools for tracking wheel trades. And yes… the listeners are already building their next Deathmatch wishlists. Plus, hear details on the current tastytrade listener promo, including double rebates at tastytrade.com/insider.
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Options Boot Camp 390: Goodbye Pattern Day Trading, Hello Margin Calls!!!
May 1300:42:36Tap to summarizeThe "Pattern Day Trading" (PDT) era is officially coming to an end! In this episode, Dan Passarelli and Mark Longo break down the massive regulatory shift coming on June 4th—which some are calling "Trader Independence Day." FINRA is moving away from the rigid $25,000 account minimum for active traders, but as the old saying goes: be careful what you wish for. In this episode, the drill instructors discuss: The Death of PDT: What the removal of the "four trades in five days" rule means for small accounts. The New "Dynamic" Risk Models: Why your broker might be watching you closer than ever. The Rise of Margin Calls: Is the trade-off for freedom a more aggressive liquidation environment? Zero-Day Options (0DTE): How the explosion of same-day expiration forced the regulators' hands. Implementation Timelines: Why some legacy brokers might keep you under the old rules until October 2025. Plus, we answer listener questions about the impact of this change on stock volatility and the potential for "call skews" to get bid up by a new wave of retail traders.
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Options Boot Camp 389: Live from OIC 2026
May 1100:33:25Tap to summarizeThe drill instructors are going mobile! This week, Options Boot Camp is reporting for duty live from the 2026 Options Industry Conference (OIC). Host Mark Longo is joined on-site by the "black-hatted one" himself, Dan Passarelli of Market Taker Mentoring, to break down the hottest trends and most controversial topics buzzing on the conference floor. From the rapid evolution of 0DTE (Zero Days to Expiration) options in single names to the looming reality of 24/7 equity and options trading, Mark and Dan pull back the curtain on where the industry is headed. They also dive into the "everything old is new again" trend of event contracts and prediction markets, the potential pitfalls of tokenizing Apple shares, and whether AI chatbots will soon be the ones recommending your next iron condor. In this episode, we cover: The 0DTE Explosion: A look at how single-name zero-day options became a reality despite industry skepticism. The 24-Hour Market Push: Is 24/7 trading an inevitability, and what does it mean for liquidity and "circuit breaker" rest? The "Wheel" Strategy: Dan discusses the ROI metrics you need for the Wheel and why brokers still struggle to track this strategy holistically. AI and the Virtual Pit: Can a registered chatbot truly understand your personal risk tolerance? Event Contracts & Litigation: Why the next big boom in binary options might lead to a billion-dollar battle between states and exchanges.
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