Dan Passarelli is an author, trader and former member of the Chicago Board Options Exchange (CBOE) and CME Group. Dan has written two books on options trading: Trading Option Greeks and The Market Taker's Edge. He is also the founder and CEO of Market Taker Mentoring, a leading options education firm that provides personalized, one-on-one mentoring for option traders and online classes. Passarelli began his trading career on the floor of the CBOE as an equity options market maker. He also traded agricultural options and futures on the floor of the Chicago Board of Trade (now part of CME Group). In 2005 Dan joined CBOE's Options Institute and began teaching both basic and advanced trading concepts to retail traders, brokers, institutional traders, financial planners and advisers, money managers and market makers. In addition to his work with the CBOE, he has taught options strategies at the Options Industry Council, the International Securities Exchange, CME Group, the Philadelphia Stock Exchange and many leading options-based brokerage firms.
Recent Articles By The Author
Dan Passarelli talks about how Netflix (NFLX) is on a bit of a terror. If the support level holds then this trade is still a winner.
CBOE Special Feature
Each Wednesday, Dan Passarelli of Market Taker Mentoring and the CBOE team up to bring trading ideas exclusively to Options Profits. This week, he reviews a strategy in WYNN.
In the Channel
Dan Passarelli says Amazon.com is in somewhat of a channel. Implied volatility is somewhat high, especially on today's dip and this is an excellent set up for a put credit spread.
Here's the Deal on IBM
Dan Passarelli says that IBM had a strong move to the upside upon earnings, but it has since pulled back. It has, however, had higher highs since then.
Blackberry Not the Next Big Thing
Dan Passarelli says Blackberry (BBRY) is not the next big thing. This stock has really been struggling lately. In fact, since earnings this stock has been down considerably.
A Winning Trade, or Not?
Dan says that Vise has broken above its resistance level of $185 a share and that level now becomes support. The trade that we like is selling the July 185 puts and buying the July 180 puts for 85 cents.
Dan says the market is up and there are lots of stock tips to talk about. One in particular from the Market Taker Live Advantage Group Coaching class; this trade is in Travelers.
CBOE Special Feature
Each Wednesday, Dan Passarelli of Market Taker Mentoring and the CBOE team up to bring trading ideas exclusively to Options Profits. This week, he reviews a strategy in SINA.
Chicago Black Hawks and Kors Look to Score
Dan likes the potential bearish set-up on KORS. The stock has been in a downtrend over the last month and looks primed for a move lower again.
Long Calls on Boeing
Dan has noticed that Boeing stock has been in a nice uptrend for some time and it has recently pulled back giving bullish traders a possible opportunity. One way to go is to buy call options which offer limited risk.