Is 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

The 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!).

The 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!)

Are 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.

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This 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.

The "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.

The 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.

The rise of Zero Day to Expiration (0DTE) options has completely transformed the retail trading landscape, but has the market finally "squeezed the juice" out of premium harvesting? On this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into a "back-of-the-napkin" analysis of 0DTE SPX straddles.

They explore whether the massive influx of sellers has pushed premiums so low that it actually makes more sense to be a buyer. Plus, Dan discusses his latest book reaching the Amazon bestseller lists and tackles listener questions on tracking covered call rolls and the future of 0DTE equity options.

On this episode, we break down:

• The 0DTE Shift: Are we giving away the "weekend decay" for free?

• Statistical Deep Dive: A look at SPX straddle performance over the last 45 and 80 days.

• Intraday vs. Close-to-Close: Why path dependency is the secret to 0DTE profitability.

• The Complexity of Backtesting: Why traditional backtesting models fail in the current 0DTE environment.

• The "Wheel Death Match": Managing covered calls and tracking roles effectively.

Go to tastytrade.com/podcasts to see why genius loves company and how you can take advantage of their industry-leading education and support team.

The Wheel Strategy is often touted as the ultimate "income generator," but most traders get it wrong because they lack the right mindset. In this episode, Mark Longo is joined by Dan Passarelli to discuss his brand-new book, Build Consistent Wealth with Options.

They go beyond the basic mechanics to explore the three pillars of the Wheel, why most retail traders fail when they actually get assigned, and how to "rewire your brain" for probabilistic investing. Whether you're a passive investor or an active trader looking for an edge, this deep dive into the "Cycle-Recycle" method will change how you view covered calls and cash-secured puts forever.

In this episode, we cover:

• The Three Pillars: Mindset, Objectives, and Methodology.

• The "Cycle-Recycle" Trade: Why the Wheel only works as a continuous system.

• The "Skate" vs. "Trade" Objective: How to decide if you actually want the stock.

• The PAS Indicator: Dan's custom tool for finding the "sweet spot" in premium.

• Alpha & Taxes: Maximizing your edge while managing the "silent killers" of wealth.

It's Tax Day on the network! Mark Longo and Dan Passarelli tackle the most requested topic of the season: how to keep the IRS out of your options profit. From the simplicity of the IRA "end run" to the mathematical beauty of 60/40 tax treatment on Section 1256 contracts (like SPX), the drill instructors break down how to optimize your tax bill.

In this episode, we cover:

• The IRA Advantage: Why tax-deferred accounts are an options trader's best friend.

• Section 1256 Contracts: How to get long-term tax rates on short-term trades.

• The Complexity of Basis: Why multi-leg spreads can become an accountant's nightmare.

• Double Calendars: Dan clarifies the "Friday-Monday" spread strategy discussed in previous episodes.

• Defending The Wheel: Dan responds to critics who call his favorite strategy "garbage."

• Listener Mail Call: Binging 13 years of options education and overcoming the "overwhelming" start.

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