Wealth Building With Options

Ep15 - OG CC Setups (part I)


Listen Later

In this deep-dive episode, Dan Passarelli lays out the OG Covered Call setup—the foundational approach to trading covered calls that every serious trader should understand. This episode is Part 1 of a two-part series that walks through the “Skate” Objective—a strategy focused on collecting premium while avoiding assignment.

Dan brings together technical chart analysis, volatility evaluation, and decades of options expertise to show you how to set up covered calls with confidence and precision.

Key Takeaways
  • Why sell options only when volatility is overpriced — and how to determine when that is
  • The importance of stock price and liquidity when choosing covered call candidates
  • Avoid earnings events and other scheduled volatility shocks that can ruin setups
  • The 10% Rule to minimize slippage and improve execution
  • Using technical resistance to “skate” profitably without getting assigned
  • Chart types explained (candles vs. bars vs. lines) and why candlesticks can give you an edge
  • How to evaluate volatility using the “1-2-3 Volatility Analysis”:
  • Tools & Concepts Covered
    • Covered Calls vs. Cash-Secured Puts
    • Option Chain Analysis
    • Implied Volatility (IV) vs. Historical Volatility (HV)
    • Resistance and Inflection Points
    • Strike Proximity and “Wiggle Room”
    • Using 6-month daily candle charts for timing and strike selection
    • Join the Community

      Enjoying the podcast? Help grow the community:

      • Share the podcast with other traders
      • Subscribe in your favorite podcast app
      • Leave a review to support the show
      • Join the Wealth Building With Options Substack at https://wealthbuildingwithoptions.substack.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

         

        ...more
        View all episodesView all episodes
        Download on the App Store

        Wealth Building With OptionsBy Wealth Building With Options

        • 5
        • 5
        • 5
        • 5
        • 5

        5

        28 ratings


        More shows like Wealth Building With Options

        View all
        Motley Fool Money by The Motley Fool

        Motley Fool Money

        3,233 Listeners

        CNBC's "Fast Money" by CNBC

        CNBC's "Fast Money"

        1,376 Listeners

        The Options Insider Radio Network by The Options Insider Radio Network

        The Options Insider Radio Network

        67 Listeners

        Options Boot Camp by The Options Insider Radio Network

        Options Boot Camp

        181 Listeners

        Top Traders Unplugged by Niels Kaastrup-Larsen

        Top Traders Unplugged

        586 Listeners

        Odd Lots by Bloomberg

        Odd Lots

        2,000 Listeners

        Zacks Market Edge by Zacks Investment Research

        Zacks Market Edge

        306 Listeners

        Eye On The Market by Michael Cembalest

        Eye On The Market

        298 Listeners

        Investing With IBD by Investor's Business Daily

        Investing With IBD

        377 Listeners

        The Compound and Friends by The Compound

        The Compound and Friends

        2,153 Listeners

        Excess Returns by Excess Returns

        Excess Returns

        84 Listeners

        Barron's Live by Barron's Live

        Barron's Live

        211 Listeners

        Halftime Report by CNBC

        Halftime Report

        411 Listeners

        RiskReversal Pod by RiskReversal Media

        RiskReversal Pod

        825 Listeners

        Stock Market Today With IBD by Investor's Business Daily

        Stock Market Today With IBD

        50 Listeners