Welcome back to another episode of The Vampire Squid! Today, we’re going to be talking about trading options. For compliance reasons, please note that “Today’s episode does not condone or promote the trading of any single stock equities. The content in today’s episode are for educational purposes only and I am speaking on behalf of myself without further representation.”
Also, shout to Val and Geoff who contributed $100 and $20 per month respectively, you guys rock :)!

* What are options?

* Call Options
* Put Options


* What comprises the value of an option?

* Underlying stock value
* Time Value

* Including Volatility




* What are Strike Prices, Expiration dates, and premiums on Options

* Examples


* How to actually trade options

* Margin account
* Selling a naked call option
* Selling a covered call option
* Strangles, straddles, butterflies, etc. that we will cover in another episode


* Power of Options

* Trading option example vs. purchasing underlying stock


* Things I wish I knew before trading options

* People don’t usually exercise the option contract
* Trading options is really hard
* Getting direction correct but still losing money due to time decay
* Never trading over 5% of your portfolio in any single option


* Conclusions

As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@thevampiresquid.com or on the contact form. Also, please subscribe to my facebook page for live updates facebook.com/thevampiresquid. Also follow me on Quora at https://www.quora.com/profile/Alan-Li-1. To support us check us out at Patreon https://www.patreon.com/thevampiresquid

TVS 018 – Intro to Options Trading

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Happy Holidays and Happy New Year! I just got back from a wonderful trip to Japan and Taiwan, extremely jetlagged, as it’s 5am currently in New York. Alas, as this podcast episode name sounds, I am putting the podcast on an indefinite pause due to a combination of work, learning, and side projects (crypto & blockchain) that I am working. Looking back on this incredible journey, I can’t believe the amount of episodes and reach that my podcast has had. That feeling of impact, of creating something from scratch is something that I have felt in love with, something that I want to replicate in my career, which has opened up my eyes to entrepreneurship. This is definitely not the end, but the closing of a chapter and I hope that you all stay tuned with what I am working on next!
Please continue to e-mail me and keep me updated on your success and journey! alan@thevampiresquid.com
With love,
Alan

TVS – Reflections and a Pause

Welcome to Episode 56 of The Vampire Squid! Today we have on Bethy Hardeman, Chief Consumer Advocate, at Credit Karma! I wish I had taken a personal finance course in high school / college so I would have a better understanding of why a credit score is important, and the levers that I could pull to increase my score. Today’s episode is packed with advice on your credit score as well as debunking some myths about your credit score. Hope you all enjoy!

* How did you get involved with Credit Karma and become the Chief Consumer Advocate?
* What are some of the inputs for a Credit Score, and what is it used for?

* Why your credit score isn’t just for credit cards


* What are the levers to pull to increase your credit score and to do it faster?
*   Can having too high of a credit limit be bad for your credit score?
* What are some of the other myths about your credit score that aren’t necessarily true?
* How are users of Credit Karma affected by the Equifax, if it all?
* Can opening too many credit cards be bad for your credit score?
* When should one close a credit card?
* What piece of advice would you leave my listeners with, especially ones in college or one or two jobs straight out of college?

As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@the vampiresquid.com or on the contact form. Also, please subscribe to my facebook page for live updates facebook.com/thevampiresquid. Also follow me on Quora at https://www.quora.com/profile/Alan-Li-1. To support us check us out at Patreon https://www.patreon.com/thevampiresquid

TVS 056 – Credit Score (Bethy Hardeman – Credit Karma)

Today, we are going to talk about one of my favorite hobbies, Poker!, and how that relates to investing and finance. I’ve recently been watching a lot of poker online as well as reading Phil Hellmuth’s autobiography, Poker Brat, which gives a great insight into how Phil got so good at poker, and some of the risks he had to take to where got today. Today’s episode I will briefly go over one of the most famous types of poker games, Texas Hold’em, and then talk about what I think are transferable skills between playing poker and investing! I hope that you all enjoy!

* How to play Texas Hold’em
* Why Poker is not just about probability and statistics, and how it’s just as much about strategy and psychology
* Why it’s fascinating to play poker with your friends and to see how they react under pressure
* Skills that are transferable from Poker to Investing

* Managing your bank roll
* Making good decisions with incomplete information
* Managing your emotions (going on “Tilt” in poker)


* Why you and your friends should play games of poker!

As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@the vampiresquid.com or on the contact form. Also, please subscribe to my facebook page for live updates facebook.com/thevampiresquid. Also follow me on Quora at https://www.quora.com/profile/Alan-Li-1. To support us check us out at Patreon https://www.patreon.com/thevampiresquid

TVS 055 – Poker and Investing

Today’s episode is with Eric Friedman, who is the head of Expa Labs, as six-month incubator for early-stage startups. This interview is one of the most informative and immediately applicable if you are interested in technology and / or pursuing entrepreneurship coming from a finance background. We dive into some great topics like the 1%, 9%, and 90% rule, how putting your own content out there is so critical, and why startups should not be over-glamorized like they have been in the media. I found this episode extremely rewarding, and the first 16 minutes dive into Eric’s background, and afterwards we dive into the meat of the episode. I hope that you all enjoy listening as much as I did recording!

* How did you first get started in entrepreneurship and interested in technology?
* How did you first get your job at union square ventures and what led you to work at Four Square?
* What does a  Business Development even mean at a company like Four Square?

* What were some of the key takeaways that you had after working at Four Square for 6 years?


* Why startups are not for everyone (16:30)
*  What are your thoughts on non-technical candidates pursuing entrepreneurship / startups and an emphasis on finance candidates specifically?

* Why it’s important to ask “what happens here on Tuesday at 2pm?”
*   Instead of emailing a cover letter and resume to a startup CEO, maybe send them 3 things they could do


* Why applying to a startup is effectively the opposite of applying to an investment bank / consultancy.
* In what areas do you see finance candidate skill sets best applied in a startup environment?
* Are there tests or ways to see if a finance candidate would succeed in a startup?

* The 1% rule, 9% rule, and 90% rule – the challenge to publish
* When you mention the name of the people at the company, since everyone has google alerts, they will read it!


* How people can get over imposter syndrome when publishing content
* Thoughts on transitioning straight into technology / entrepreneurship versus pursuing an MBA first

*  Three reasons to go to business school: Network, Direction, Education


* Why there is so much turnover for millennials and in early-stage startups?
* What is your last piece of advice for my listeners?

As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@the vampiresquid.com or on the contact form. Also, please subscribe to my facebook page for live updates facebook.com/thevampiresquid. Also follow me on Quora at https://www.quora.com/profile/Alan-Li-1. To support us check us out at Patreon https://www.patreon.com/thevampiresquid

TVS 054 – Finance to Startups and Entrepreneurship (Head of Expa Labs – Eric Friedman)

Happy labor day weekend, and I’ve missed you guys! Welcome back, and I’m super excited for this season of TVS and share with you things that I have learned as well as interviews that I have had. I hope everyone had an awesome summer break and is refreshed to get back into the swing of things! Today’s episode is with Brian Wong, who is the founder of Kiip, and graduated college at the age of 18! He’s also written a book called, The Cheat Code, and is one of the most eccentric and funny people that I have interviewed thus far. This episode is jam packed with awesome advice from Brian on how he has become a successful entrepreneur, his experience with finance and consideration of investment banking, and how being Asian can help conceal your age!
Brian’s contact info below:
Twitter
Email: brian@kiip.me

* Which grades did you skip, and what was the experience like attending college at age 14?

* How did you use your lowered age to your advantage in college?


* Did you ever consider going into investment banking or consulting?
* How did you know that you wanted to pursue entrepreneurship in college?

* What are some of the characteristics of the “Entrepreneurial Mindset” that you mentioned?


* Why is following your passion a terrible piece of advice?
* How do you find your own superpower and harness that energy?

* How did you develop your superpower of getting people excited about things?


* How did you network your way into parties with Kevin Rose (Founder of Digg and ex-partner at Google Ventures?)
* Where do you think the future of advertising is going? What are your thoughts on viral videos like those from Chubbies?
* What was the motivation for writing your book, “The Cheat Codes?”
* What piece of advice would you like to leave my listeners?

As always, please let me know if you have any questions, comments, or suggestions. Email me directly at alan@thevampiresquid.com or on the contact form. Also, please subscribe to my facebook page for live updates facebook.com/thevampiresquid. Also follow me on Quora at https://www.quora.com/profile/Alan-Li-1. To support us check us out at Patreon https://www.patreon.com/thevampiresquid

TVS 018 – Intro to Options Trading

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