Wealth Building With Options

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Wealth Building With Options episodes

December 30, 2025Ep47 - Not the Most Important Thing, But Important
Dan puts implied volatility in its proper place: It’s not the single most important factor in wheel trading, but it meaningfully improves outcomes over time. Using a field-goal analogy, Dan explains how volatility analysis adds a “little edge” on each trade that compounds across many cycles. He then goes deeper into when volatility matters most, plus a practical framework for evaluating whether selling puts or calls into earnings creates a favorable “sweet spot.”
Key Topics
Why implied volatility is not the most important thing—but still important
The 1-2-3 volatility analysis for identifying overpriced options
Active vs. passive wheel trading and volatility requirements
The wheel hierarchy: price movement, theta decay, then volatility
Risk premium and why options tend to be overpriced over time
“When in doubt, palms out” and the premium-seller mindset
Volatility regimes and how prolonged low IV changes decisions
When extremely high IV is a warning sign, not an opportunity
Why IV matters less for ultra-short DTE options
Earnings as a volatility event: when to avoid vs. exploit
Using break-even and indifference points to find the earnings “sweet spot”
Using puts to enter or calls to exit around earnings
Key Takeaways
IV is an edge, not the core driver. Underlying price movement and theta are usually more influential in wheel outcomes, but IV adds incremental advantage that compounds over time.
Active and passive wheel traders use IV differently. Active traders may require confirmation that options are overpriced; passive traders may prioritize keeping the cycle going and capturing the long-run risk premium.
Humility matters in volatility forecasting. You can’t know with certainty whether options are mispriced until after expiration, so rules-based processes help reduce overconfidence.
Regime awareness beats day-to-day noise. A few low-IV days are normal; weeks or months of a pattern can justify sitting out or adjusting tactics, especially in strong rebound “freight train” markets.
Extremes cut both ways. Slightly high IV can be attractive for selling, but extremely high IV may signal risk you don’t understand.
Earnings setups can be evaluated objectively. Compare historical earnings gaps with the option’s break-even/indifference “sweet spot” to judge whether premium meaningfully compensates for the expected move.
If selling calls to exit stock into earnings, assignment probability matters. At-the-money or slightly in-the-money calls can improve assignment odds and provide more downside cushion, but the true advantage comes from time premium, not intrinsic value.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.

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.
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50 min
December 23, 2025Ep46 - Lost in Home Depot
Dan explains why wheel traders must think about technical analysis differently from momentum or breakout traders. Using a Home Depot analogy, Dan shows how the right tool for the job matters—especially when selecting indicators for skate-objective trades. He dives into oscillators (with a focus on RSI) and introduces a new strike-selection concept he’s developing.
Key Topics
Why trends and momentum are often the enemy of wheel traders
Using technical analysis to reduce trades per wheel cycle
Choosing the right indicators for skate-objective trades
Oscillators and how they differ from breakout indicators
Deep dive into the Relative Strength Index (RSI)
Overbought and oversold signals for covered calls and cash-secured puts
RSI divergences and what they signal for wheel traders
Introduction to the PAS (Price-history Anchored Strike) indicator
Why wheel traders avoid “trendy” stocks
Overview of volatility analysis as part of the options trader’s trifecta
Key Takeaways
Wheel traders don’t want momentum. Strong trends often force rolls, increase trade count and slow down wheel cycles.
Technical analysis should reduce activity, not increase it. The goal is fewer trades per cycle, not more signals.
Oscillators are better tools for wheel traders. Indicators like RSI help identify waning momentum rather than breakouts.
RSI can improve strike selection. Overbought and oversold reversals—and divergences—can increase the odds of skating successfully.
Indicators don’t predict the future. They provide a small statistical edge when used correctly.
Volatility matters as much as price. Understanding whether options are overpriced or underpriced is critical for consistent income strategies.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.
Next Episode Preview: Next time, Dan goes deeper into volatility analysis, expanding on how wheel traders can evaluate implied volatility, historical volatility, and upcoming catalysts to improve covered call and cash-secured put decisions.

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.
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33 min
December 16, 2025Ep45 - Abracadarium
Dan demystifies one of the most misunderstood areas of technical analysis: support and resistance. Rather than treating these levels as “magic lines on a chart,” Dan explains the market mechanics behind them—how real buy and sell orders, supply and demand, and human decision-making actually move prices.
Key Topics
Why support and resistance are commonly misunderstood
Technical analysis as a map of human behavior (price, not value)
The basics of market mechanics: bids, asks and order size
How supply and demand move prices tick-by-tick
How horizontal support and resistance levels are created
Why price levels hold—and the three main reasons they break
Moving averages (SMA/EMA) as dynamic support and resistance
Why the 200-day moving average matters to institutions
“Death cross” and “golden cross” and what they signal
Applying support/resistance to wheel strike selection for skate trades
Key Takeaways
Support and resistance aren’t magic. They reflect real buying and selling pressure created by market participants.
Technical analysis explains price behavior, not valuation. It tracks what price and volume did—and how traders reacted.
Prices move through order flow. Buyers absorb offers to push price up; sellers take out bids to push price down.
Support/resistance can fail for predictable reasons. Levels break when supply/demand overwhelms the other side, participants finish their trades or new information changes valuation inputs.
Moving averages can become self-reinforcing levels. Long-term averages like the 200-day influence institutional decisions and can behave like support or resistance.
Wheel traders can use these levels to improve skate trades. Support can inform cash-secured put strikes; resistance can inform covered call strikes.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.
Next Episode Preview: Next time, Dan continues building on technical analysis for wheel traders—going deeper into how to apply support, resistance and key chart-based levels to choose strikes that improve the probability of skating without assignment.

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.
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Wah Wah Wah
Wah wah trumpet failed joke punch line.wav by Doctor_Jekyll -- https://freesound.org/s/240195/ -- License: Attribution 4.0
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39 min
December 09, 2025Ep44 - Secret Sauce Stuff
Dan breaks down the true “secret sauce” of successful wheel trading: pairing the right objective (trade vs. skate) with the right type of analysis (fundamental vs. technical). He demonstrates how to reverse-engineer strike prices using dividend yields and valuation metrics and walks through a real example using Verizon (VZ).
Key Topics
Defining the skate objective vs. the trade objective
Why trade objective trades pair naturally with fundamental analysis
Why skate objective trades pair naturally with technical analysis
How to reverse-engineer strike prices using target dividend yields
How to set strike prices using target P/E ratios
Real-world example: Verizon (VZ) dividend and valuation analysis
When to wait for better pricing or volatility before selling puts
Preview of using support and resistance for skate trades

Key Takeaways
Every wheel trade needs a single, clear objective. Choose either skate (avoid assignment) or trade (seek assignment) to stay consistent and intentional.
Match your analysis to your objective. Use fundamentals for trade-objective entries and technicals for skate-objective premium selling.
Reverse-engineer your strike prices. Start with the yield or valuation you want, determine the stock price that achieves it, and choose the strike accordingly.
Premium can tweak your effective entry price—but don’t lose the plot. Premium helps refine entry, but fundamentals should guide the trade.
Wheel trading can be “almost win–win,” but risk still exists. Assignment locks in value; non-assignment yields premium—but price risk remains.
Conservative income plays can complement growth positions. High-yield value names can balance more aggressive holdings.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.
Next Episode Preview: Next time, Dan digs deeper into technical analysis for skate-objective trades, focusing on how horizontal support and resistance can help identify strike prices where the stock is less likely to move—boosting your confidence and consistency when selling premium.

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.
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Wah Wah Wah
Wah wah trumpet failed joke punch line.wav by Doctor_Jekyll -- https://freesound.org/s/240195/ -- License: Attribution 4.0
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41 min
December 02, 2025Ep43 - How the Stock Market Works - Fundamentals
Dan compares buying stocks to buying a dry cleaning business to demystify fundamental investing. Learn how value investors like Warren Buffett evaluate companies, and why understanding P/E ratios, earnings, and dividends can help you select better strike prices for your wheel trades.
Key Topics
The dry cleaner analogy: why buying stock is just like buying a business
P/E ratios: what they reveal when comparing competitors
Intrinsic value vs. market price
Earnings (EPS): quarterly vs. trailing twelve months
Dividend mechanics and dividend yield
Using fundamental metrics to set strike prices for wheel trades
Why the market isn't as efficient as you think
Key Takeaways
You actually own the business. When you buy stock, you own a proportional share of that company's revenue—it's literally your money.
Dividend investors think backwards. While most people chase rising stocks, dividend investors wait patiently for prices to fall so they can lock in higher yields.
Price isn't value. The stock market often disconnects from intrinsic value—that's where opportunities hide.
Your fundamentals matter for strike selection. Understanding earnings and dividend yield can help you choose more strategic strike prices for covered calls and cash-secured puts.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars, and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.

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.
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44 min
November 25, 2025Ep42 - Interview with Denise Shull
Episode Summary
In this conversation, Dan sits down with performance coach and former trader Denise Shull, author of Market Mind Games and the real-life inspiration for Wendy Rhoades on Billions. Denise explains why the old mantra “take the emotion out of trading” is scientifically wrong—and how learning to work with your emotions, instead of against them, can dramatically improve your decision-making. From intuition and regret to boredom, ADHD and market regime changes, this episode redefines what it means to be a “disciplined” trader.
In This Episode, You’ll Discover:
Why every decision requires emotion
How modern neuroscience shows that perception is prediction—and that your brain is constantly asking, “Is this good or bad for me?” before you ever place a trade.
Emotions as data—not distractions
The difference between “integral” emotions (about the trade and market) and “incidental” emotions (about you, your P&L, identity and history), and why separating the two is a core trading edge.
How to use intuition without going “on tilt”
Why true intuition is unconscious pattern recognition built from experience (like a chef knowing a steak is done by sight) and when “I feel good about this trade” is useful versus dangerous.
A practical method to blend logic and gut feel
Denise’s 1–7 conviction/emotion scale, how granular emotional language improves performance and how to consciously factor “how much do I really believe this?” into your trading process.
The real role of regret and how slumps start
Why trying to “stay positive” can backfire, how unprocessed regret leads to trading slumps and how to use negative emotions to actually improve instead of burying them.
Cutting the worst 5% of your trades
How recognizing fear of future regret and choosing your “flavor of regret” can help you avoid revenge trades, impulse trades and the handful of decisions that wreck your year.
Managing boredom and ADHD tendencies
Practical ways traders can keep boredom from morphing into overtrading—by defining time frames, having intentional breaks and non-trading activities, and challenging the myth that you must always be in the market.
Adapting to market regime changes
How to think about market environments like different “genres of music,” why you don’t need to catch the exact top or bottom and how ego and the need to feel smart can sabotage regime shifts.

The one daily practice Denise recommends
The simple but powerful question—“What am I feeling and why?”—and how regularly sorting feelings into “about me” vs. “about the market” aligns you with how the human brain actually works.
About Our Guest – Denise Shull
Denise Shull is a former CBOE floor trader turned performance coach specializing in decision-making under risk and uncertainty. She holds a master’s degree in neuropsychoanalysis from the University of Chicago, traded at firms like Schonfeld, and later ran a day trading desk during the internet boom. Her work shows how emotion and cognition are intertwined in every decision—a theme she explores in her book Market Mind Games, which helped inspire the Wendy Rhoades character on Showtime’s Billions. Today, she coaches hedge fund managers, traders, and elite athletes around the world on how to use emotions and intuition as a competitive edge.

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.
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53 min
November 18, 2025Ep41 - That's a Great Idea!
Finding quality trade ideas for the Wheel Strategy is essential—but where do you actually get them? In this episode, Dan Passarelli breaks down the best (and worst) sources for finding wheel trade candidates. From trade idea services and investment clubs to news media and DIY analysis, Dan explores the pros and cons of each approach and shares what really works for covered calls and cash-secured puts.
Dan also discusses why boring, sideways stocks make the best wheel candidates, why the pundits' favorite stocks are often the trickiest to trade, and teases an upcoming series on fundamental, technical, and volatility analysis for building your own watchlist.
What You'll Discover in This Episode:
Trade idea services: The difference between "general trades" and wheel-specific investment ideas
Why most trade idea services only give entries (not exits) and how to evaluate them
Investment clubs: Learning from peers and building synergy through shared knowledge
The media trap: Why stocks that "bleed" or soar aren't always ideal for wheel trading
Selling options is selling volatility: Why sideways stocks outperform for covered calls and CSPs
DIY analysis preview: Dan's upcoming deep-dive episodes on fundamental, technical, and volatility analysis
The role of "idea people" in trading and why dreams need execution
Resources & Links:
Subscribe to the Wealth Building With Options Podcast
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Support the Show: Become a paid subscriber at WealthBuildingPodcast.com for access to video extras, subscriber-only trade ideas, all of Dan's real covered call and cash-secured put trades, monthly AMA webinars, and unusual options activity alerts

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.
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36 min
November 11, 2025Ep40 - The Data: Interview with James Kostulias, Head of Trading Services, Charles Schwab
In this episode of Wealth Building with Options, Dan sits down with James Kostulias, Head of Trading Services at Schwab—where he oversees the end-to-end trading experience for clients at a firm averaging over 7 million trades per day for three consecutive quarters.
From Schwab’s latest Q4 Trader Sentiment Survey to the dramatic evolution from “options are too risky” to “options as risk management tools,” James shares an insider’s view of how retail trading has fundamentally transformed.
If you've ever wondered how serious traders think about hedging, income generation, and adapting to different market regimes, this conversation is packed with insights you can put to work in your own trading.
Listen, You'll Discover
Why traders are “bullish but cautious” right now — How Schwab’s Q4 Trader Sentiment Survey shows more than half of respondents are bullish on the market long term—while a growing majority (66%, up from 56%) also think it’s overvalued in the short term.
How options fit a bullish-but-worried mindset — The specific ways traders are using stock replacement, covered calls, hedging, and other options strategies to stay invested while managing downside risk.
The evolution of the retail options trader — How clients have shifted from viewing options as “too risky” to using them as core risk-management tools—and why 1 in 3 traders (versus 1 in 5 just two years ago) are now moving into complex options within their first year.
From 90% traders to 50/50 — How Schwab’s live events have evolved from primarily attracting active traders to drawing equal numbers of long-term investors seeking to use options for income generation and risk management—a major shift in just 18 months.
The education engine behind today’s options traders — A look at Schwab’s massive education effort: 30–35 hours of live webinars per week, extensive on-demand courses and articles, and 22–24 live events per year—all completely free to clients.
Inside the numbers — Why Schwab’s position as the industry leader—averaging 7+ million trades daily—makes their client-behavior insights uniquely valuable for understanding real market trends.
Investors vs. traders: why the label doesn’t matter — Why James believes you shouldn’t get hung up on whether you’re a “trader” or an “investor,” and how Schwab supports both ends of the spectrum with specialized desks and resources.
24/5 trading: powerful tool or dangerous temptation? — The real pros and cons of extended-hours and 24/5 trading, how U.S. clients use it episodically while international clients leverage it as their primary trading window, and why trying to be “on” around the clock can work against you.
What’s coming next for options traders at Schwab — How Schwab is preparing for spot crypto trading (first half of next year), expanded CBOE options hours (one hour earlier, 15 minutes later), and single-stock 0DTEs (expected in a Q1 launch window)—and why doing it “the Schwab way” means platforms, risk tools, and education must all be ready before launch.
The one skill James thinks traders must develop — His biggest piece of advice: learn to adapt your strategies to changing market conditions instead of forcing one “favorite” strategy on every environment.
Guest Bio – James Kostulias
James Kostulias is Head of Trading Services at Schwab, where he oversees the end-to-end trading experience for clients, including the award-winning thinkorswim suite of platforms. With more than 25 years in financial services—much of it with TD Ameritrade in retail, technology, and active trader leadership roles—James has been at the forefront of the industry’s evolution from “options are too risky” to “options as risk management.”
He has served as a board member and former president of the Wall Street Technology Association, previously sat on FINRA’s Technology Advisory Committee, and is a graduate of the SIFMA Securities Institute program at Wharton. He holds a B.A. in Business Administration from Rutgers University along with Series 47, 24, and 63 licenses.
Resources & Links
Schwab Q4 Trader Sentiment Survey – quarterly insights into trader sentiment, available at Schwab.com
Schwab Trading Activity Index (STAX) – monthly insights into actual client trading behavior, available at Schwab.com
Learn more about options education and coaching with Dan at MarketTaker.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
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Wah Wah Wah
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38 min
November 04, 2025Ep39 - Liar, Liar, Pants on Fire!
Why Traders Lie to Themselves — and How to Stop
When it comes to covered calls and cash-secured puts, most traders tell themselves comforting half-truths:
“I’d be fine owning the stock if it drops.”
“I’d be fine selling my shares if they get called away.”
But when those scenarios actually happen—when a stock gaps lower or rallies far past a strike—those same traders often panic, blame the market, and forget the plan they swore they’d follow.
In this episode, Dan Passarelli unpacks the psychology behind these lies and how to replace emotional trading with data-driven discipline. Through relatable stories (including a red-light ticket and an ancient Roman twist), Dan shows why even the smartest investors fall into the trap of self-deception—and how to break free from it.
In This Episode
Why traders say they’re okay with assignment—but secretly aren’t
How cash-secured puts and covered calls reveal your true comfort with risk
The real “sweet spot” where these strategies outperform the market
How to use data and visualization to make smarter, more objective decisions
What mirror neurons and Michael Jordan can teach you about trading mastery
How to “outhuman your humanness” by training your brain to respond with logic instead of emotion
Key Takeaway
You can’t control the market—but you can control how you react.
When you make trading decisions based on logic and data, not emotion or ego, you gain a consistent edge. Covered calls and cash-secured puts might not make you rich overnight—but they can help you steadily outperform by losing less when others panic.
Subscribe & Support: WealthBuildingPodcast.com — Get access to video extras, subscriber-only trade ideas, Dan’s real covered call and cash-secured put trades, monthly AMAs, and unusual options activity alerts.

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.
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33 min
October 28, 2025Ep38 - The Objective of My Affliction
Episode 38: The Objective of My Affliction
95% of traders lose money. Not because they're not smart—but because they're missing something fundamental.
In this episode:
What if most traders are making the same mistake with every single trade?
What's the simple two-word framework that changes everything?
Why don't even experienced traders understand the real secret to consistent profitability?
What if you could improve your results overnight with one mindset shift?
This episode is short but mighty. Discover what separates the winning 5% from everyone else.

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.
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Wah Wah Wah
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23 min

About Wealth Building With Options

From the publisher's feed

Welcome to the Wealth Building With Options Podcast with Dan Passarelli. This podcast is dedicated to making you a calm, consistent and confident options trader. Inside each episode, Passarelli, an…