Ben Eifert

speaker

517 appearances 1 recordings 1 series first heard Feb 2025 last heard Feb 2025

Ben Eifert’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · This Is How Derivatives Trading Swallowed the Entire Market · 17 Feb 2025 podcast

Usually the first thing that I do is I send people kind of collect uh a thread that has a collection a lot of people contributed to on good reading material and stuff on how to educate yourself about options and how to use them and what they are and how to think about the risk and all this stuff.

So that's a really good kind of first thing to do to just have a some kind of clue what you're doing.

And then, you know, the next thing that I tell people is what do I think are kind of reasonably safe uses of options that

If you really want to dedicate time to figuring this out, you might kind of start with, right?

And so I'll say, look, if you have some kind of fundamentally driven or tactically driven process with for coming up with a view on stocks, and you have a timing view, then sure, could you use a call spread or a put spread to express that view?

You say, Oh, I really like earnings on this on Tesla like next week.

Could you buy a a two-week call spread?

Around the range where you think the stock could trade to.

And you can obviously make money or lose money, but you know exactly how much money you're risking.

Yeah.

It's kind of a safe thing.

You're not going to just blow up one day on that.

I think that's kind of okay.

If you really need a little bit of kind of cash efficiency or leverage, uh, again, not too crazy, you know, you can do things like buy a combo in the option market or buy a call and sell a put that give you a very similar profile to buying a stock, but are a little more cash efficient.

If you just

Really feel like you need 50% leverage or you know, or something like that.

Or something.

And if you want to be really thoughtful about option selling, you know, to try to generate yield over time, there's ways to do that too.

But you really have to read up to understand how to me to think about the risk reward of a trade that you're doing, not just believe there's something you can do all the time because somebody told you it's a great idea.

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