Options Boot Camp 342: Resurrecting Forgotten Options Terms

In this episode of Options Bootcamp, host Mark Longo and co-host Dan Passarelli (Market Taker Mentoring) dive into forgotten and lesser-known options terminologies. The duo explores terms such as horizontal and vertical spreads, legging into trades, volatility smiles, realized vs. implied volatility, and risk premium harvesting. They touch upon trading floor lingo, including the roles of 'locals,' the use of 'raise' in retail automated execution systems, and the concept of 'out trades.' As they discuss each term, they highlight their relevance and usage in today's trading landscape. Listeners are also engaged with polls, letting them voice their opinions on these old-school trading terms.

 

01:04 Welcome to Options Bootcamp

01:38 Education Wednesday: Volatility Death Match Recap

02:59 Introducing the Black Hatted One: Dan Passarelli

03:59 Options Drills: Forgotten Terminology

05:42 Exploring Horizontal Spreads

07:23 Legging into Trades: Risks and Strategies

11:02 Volatility Smile and Skew

13:31 Implied vs. Realized Volatility

17:16 Back Spreads and Front Spreads

20:56 Under and Over: Pricing Complex Trades

23:49 The Renaissance of the Local Trading Crowd

25:05 The Evolution of Trading Roles

25:40 The Trading Crowd and Market Makers

27:43 Out Trades and Manual Entry

29:03 The Antiquated Practices of Trading

32:28 The Concept of Paper in Trading

34:02 Cabinet Trades and Penny Pricing

37:50 The Rise of Electronic Trading

41:41 Listener Polls and Apocalypse Assets

44:44 Concluding Remarks and Upcoming Shows