June 26, 2025 • 29 mins
In this episode of Options Bootcamp, Mark Longo and Dan Passarelli dive deep into the world of options trading terminology that has largely been lost to time. They discuss legacy trading concepts like the 'Texas Hedge,' 'price improvement auctions,' and the 'penny pilot program.' They also reminisce about old order types like 'fill or kill' and explore terms like 'screen trader' and 'spot' in pricing. This episode provides a reflective look at how trading practices and slang have evolved over the years, all while engaging the audience with some light-hearted banter and nostalgia.
00:00 Introduction to Options Insider Radio Network
01:36 Meet the Hosts: Mark Longo and Dan Passarelli
03:49 Forgotten Options Terminology
06:48 Exploring the Penny Pilot Program
12:10 Price Improvement Auctions Explained
15:25 The Texas Hedge Explained
18:03 Fill or Kill Orders: A Blast from the Past
21:42 The Evolution of Screen Trading
23:06 Spot Pricing and Old School Lingo
25:12 Remembering Ticket Charges
26:54 Conclusion and Podcast Promotion
Mark as Played
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