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June 11, 2025 47 mins
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
 
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