Wealth Building With Options

Ep12 - I've Reached My Limit

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Episode Summary:

In this episode, Dan Passarelli breaks down a powerful trading concept: using cash-secured puts as a smarter, more strategic version of limit orders. If you've ever hesitated about assignment or second-guessed a put trade, this episode is for you.

Dan shares real-world stories (including a Vegas twist involving a mastermind event that… wasn’t) and psychological lessons from 7,000+ trading days. He explains why assignment shouldn’t be feared, how premium collection changes the math on your trade entries, and how traders often let emotion sabotage what could be great opportunities.

Later, Dan welcomes back John Kmiecik, a trading coach who’s worked with hundreds (maybe thousands!) of students on mastering this mindset. Together, they explore:

  • Why traders often fear assignment more than they should
  • How selling puts is like getting paid to place a limit order
  • Real trading examples from John (including his recent strategy with Comcast)
  • The psychological traps that can derail traders — and how to avoid them
  • Tactical advice for identifying price levels where you're truly comfortable owning stock

    • Key Takeaways:

    • Assignment isn’t failure — it's part of the plan when using puts to enter stock positions.
    • Cash-secured puts can lower your effective purchase price, even without assignment.
    • Psychology is everything. Fear, regret, and hesitation often cost more than any bad trade.
    • A put that doesn’t get assigned? You still keep the premium. That’s the hidden win.
    • Planning your response before you enter a trade is the key to long-term consistency.

      • Next Steps: 

      • Subscribe to Dan’s Substack, https://wealthbuildingwithoptions.substack.com for Video Extras, trade recaps, and monthly AMA sessions.
      • To work with Dan and John you can connect with them at Markettaker.com
      • Options involve risk and may not be suitable for all investors. Read Characteristics and Risks of Standardized Options before investing. https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf
        • ...more
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