Wealth Building With Options
Episodes
Ep58 - Predicting Assignments
17 Mar 2026
Contributed by Lukas
Dan explains when option assignment is predictable, when it isn’t and why understanding the other side of the trade matters. He breaks down expirati...
Ep57 - GTCs and Birds and Bees
10 Mar 2026
Contributed by Lukas
Dan continues the conversation on liquidity, execution and trade management by focusing on good-till-canceled (GTC) orders, gap risk and the trade-off...
Ep 56 - Wait. WHAT About Alice?
03 Mar 2026
Contributed by Lukas
Dan is joined by returning guest John Kmiecik to unpack the real-world consequences of trading illiquid options (wide bid/ask spreads, low volume/open...
Ep55 - Pro Tips on Middling Markets
24 Feb 2026
Contributed by Lukas
Dan explains why execution price is the one place retail traders truly “compete” with market makers and how improving it can dramatically reduce s...
Ep54 - Managing Trading Expenses Like a Boss
17 Feb 2026
Contributed by Lukas
Dan breaks down the real costs of trading and why commissions, while worth managing, are rarely the biggest threat to your returns. The true hidden ex...
Ep53 - Lemonade Stands and Other Moments of Trauma
10 Feb 2026
Contributed by Lukas
Dan explains how wheel-style covered calls can turn “meh” or even speculative stocks into strategic, risk-managed income plays through cumulative ...
Ep52 - Wheel Trades That Don’t Suck (Part II)
04 Feb 2026
Contributed by Lukas
Dan shifts from cash-secured put “double threat” setups to covered calls, especially the skate objective (keeping premium without assignment). He ...
Ep51 – Wheel Trades That Don’t Suck
27 Jan 2026
Contributed by Lukas
Dan tackles a common complaint he hears from traders: “The wheel doesn’t work.” His take is straightforward: When wheel trades are placed withou...
Ep50 - That Which Is Measured Is Improved
20 Jan 2026
Contributed by Lukas
Dan lays out the core performance metrics that help wheel traders evaluate, compare, and improve covered calls and cash-secured puts. He explains why ...
Ep49 - The Problem with Backtesting
13 Jan 2026
Contributed by Lukas
Dan takes a critical but balanced look at backtesting and why it often leads traders astray, especially when it comes to strike and expiration selecti...
Ep 48 - The Wheel Strategy Resolutely
06 Jan 2026
Contributed by Lukas
Dan ties the wheel strategy to New Year’s resolutions, emphasizing that the wheel only works when it’s traded consistently and in cycles. He expla...
Ep47 - Not the Most Important Thing, But Important
30 Dec 2025
Contributed by Lukas
Dan puts implied volatility in its proper place: It’s not the single most important factor in wheel trading, but it meaningfully improves outcomes o...
Ep46 - Lost in Home Depot
23 Dec 2025
Contributed by Lukas
Dan explains why wheel traders must think about technical analysis differently from momentum or breakout traders. Using a Home Depot analogy, Dan show...
Ep45 - Abracadarium
16 Dec 2025
Contributed by Lukas
Dan demystifies one of the most misunderstood areas of technical analysis: support and resistance. Rather than treating these levels as “magic lines...
Ep44 - Secret Sauce Stuff
09 Dec 2025
Contributed by Lukas
Dan breaks down the true “secret sauce” of successful wheel trading: pairing the right objective (trade vs. skate) with the right type of analysis...
Ep43 - How the Stock Market Works - Fundamentals
02 Dec 2025
Contributed by Lukas
Dan compares buying stocks to buying a dry cleaning business to demystify fundamental investing. Learn how value investors like Warren Buffett evaluat...
Ep42 - Interview with Denise Shull
25 Nov 2025
Contributed by Lukas
Episode Summary In this conversation, Dan sits down with performance coach and former trader Denise Shull, author of Market Mind Games and the real-li...
Ep41 - That's a Great Idea!
18 Nov 2025
Contributed by Lukas
Finding quality trade ideas for the Wheel Strategy is essential—but where do you actually get them? In this episode, Dan Passarelli breaks down the ...
Ep40 - The Data: Interview with James Kostulias, Head of Trading Services, Charles Schwab
11 Nov 2025
Contributed by Lukas
In this episode of Wealth Building with Options, Dan sits down with James Kostulias, Head of Trading Services at Schwab—where he oversees the end-to...
Ep39 - Liar, Liar, Pants on Fire!
04 Nov 2025
Contributed by Lukas
Why Traders Lie to Themselves — and How to Stop When it comes to covered calls and cash-secured puts, most traders tell themselves comforting half-t...
Ep38 - The Objective of My Affliction
28 Oct 2025
Contributed by Lukas
Episode 38: The Objective of My Affliction 95% of traders lose money. Not because they're not smart—but because they're missing something fundamenta...
Ep37 - Prospect
21 Oct 2025
Contributed by Lukas
Summary: Dan Passarelli sits down with coach John Kmiecik to unpack why smart traders still struggle with losses, risk, and variance—and how to refr...
Ep36 - Crossing the Red Dragon
14 Oct 2025
Contributed by Lukas
In this episode, Dan Passarelli explores how biology and psychology quietly influence every trading decision—often more than logic or data. Through ...
Ep35 - This Is Your Brain on Trading
07 Oct 2025
Contributed by Lukas
Have you ever "felt" something was off in the market—before you could explain why? In early 2021, Dan noticed unusual behavior across several stocks...
Ep34 - Kick the Road Down the Can
30 Sep 2025
Contributed by Lukas
What If You Could Turn a Losing Trade Into a Winner—Without Taking the Loss? Most covered call and cash-secured put traders hit a wall when their tr...
Ep33 - Who, What and Why
23 Sep 2025
Contributed by Lukas
In this episode of Wealth Building with Options, Dan Passarelli dives deep into the motivations behind trading the wheel strategy—and why understand...
Ep32 - Actual Results May Vary
16 Sep 2025
Contributed by Lukas
Most wheel traders obsess over single trades and miss the bigger picture. In this episode, Dan Passarelli shares the mindset shift that changed his co...
Ep31 - A Well-Endowed Trader with Some Issues
09 Sep 2025
Contributed by Lukas
In this episode of Wealth Building with Options, host Dan Passarelli dives into one of the most powerful – and often overlooked – forces shaping t...
Ep30 - Dealers, Dispersion Trading and Payment for Orderflow: Interview with Kevin “Lex” Luthringshausen
02 Sep 2025
Contributed by Lukas
Dan sits down with longtime market maker Kevin “Lex” Luthringshausen to demystify how options markets actually work behind the scenes. They cover ...
Ep29 - The Truth Is More Profitable Than Fiction
26 Aug 2025
Contributed by Lukas
Options trading is all about choice—and in this episode, Dan Passarelli breaks down why those choices create real value for investors. From adjustin...
Ep28 - I Never Said Most of the Things I Said
19 Aug 2025
Contributed by Lukas
In this episode of Wealth Building with Options, host Dan Passarelli dives deep into one of the most popular and misunderstood strategies in options t...
Ep27 - Frickin’ Hulu
12 Aug 2025
Contributed by Lukas
In this episode of Wealth Building with Options, Dan Passarelli opens with a hilarious rant about Hulu's "double dipping" business model—charging su...
Ep 26 - Interview with Options Thought Leader, Andrew Lowenthal
05 Aug 2025
Contributed by Lukas
A candid conversation with one of the options industry’s most influential figures, tracing the explosive growth of the options market, the evolution...
Ep25 - Party Like A Pachyderm
29 Jul 2025
Contributed by Lukas
In this episode, Dan explores the strategic rationale behind trading long-term buy-writes, even when they offer lower theta compared to shorter-term o...
Ep24 - Commitment Issues
22 Jul 2025
Contributed by Lukas
"There's the kind of stock you date, and the kind of stock you marry." In this episode of Wealth Building With Options, Dan explores what it means to ...
Ep23 - The Day I Bit The Nurse
15 Jul 2025
Contributed by Lukas
In this episode, Dan shares a hilarious childhood story (yes, he did bite a nurse) and takes a nostalgic look at Highlights magazine to set up a power...
Ep22 - "Hey Butthole"
08 Jul 2025
Contributed by Lukas
Dan Passarelli kicks off this episode with a wild story from the trading floor—complete with Hulk-like rage and a colorful nickname—and uses it to...
Ep21-The Edge of Reason: And the Reason for Edge
01 Jul 2025
Contributed by Lukas
In this episode of Wealth Building with Options, host Dan Passarelli explores one of the most powerful, yet often overlooked, concepts in successful t...
Ep20 - Square, Level and All Effed Up
24 Jun 2025
Contributed by Lukas
Description: You wouldn’t build a garden without a plan (or at least you shouldn’t). And you sure as heck shouldn’t place a covered call or cash...
Ep19- The Triple Lindy and Making a Big Splash
17 Jun 2025
Contributed by Lukas
In this episode of Wealth Building with Options, Dan dives deep into the three critical criteria for selecting the best strike and expiration when sel...
Ep18 - Chewing the Fat About Meat and Tasty Chicken Feet
10 Jun 2025
Contributed by Lukas
In this episode, Dan Passarelli dives deep into the strategy that many investors think they understand — but often get wrong: cash-secured puts. Whi...
Ep 17- Seasonality, Cycles & the Calendar Edge with Jeffrey Hirsch Editor-in-Chief of the Stock Trader's Almanac
03 Jun 2025
Contributed by Lukas
Dan Passarelli is joined by Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac, to talk seasonality, market cycles, and the powerful edge...
Ep16 - OG CC Setups (part II)
27 May 2025
Contributed by Lukas
Welcome back to Wealth Building with Options! In this episode, we’re diving deep into a trader's secret weapon: the Trade Objective of the covered c...
Ep15 - OG CC Setups (part I)
20 May 2025
Contributed by Lukas
In this deep-dive episode, Dan Passarelli lays out the OG Covered Call setup—the foundational approach to trading covered calls that every serious t...
Ep14 - Greek Geekery and Skewed Truth
13 May 2025
Contributed by Lukas
Episode Summary: In this episode, Dan dives into one of the most misunderstood aspects of options trading: the Greeks — and more importantly, where ...
Ep13 - The Golden Age of Options: A Conversation with Steven Sears
06 May 2025
Contributed by Lukas
Episode 13 – The Golden Age of Options: A Conversation with Steven Sears In this episode of Wealth Building With Options, Dan Passarelli sits down w...
Ep12 - I've Reached My Limit
29 Apr 2025
Contributed by Lukas
Episode Summary: In this episode, Dan Passarelli breaks down a powerful trading concept: using cash-secured puts as a smarter, more strategic version ...
Ep11- Cash-Secured Puts: The Brother from Another Mother
22 Apr 2025
Contributed by Lukas
In this episode, Dan dives into a powerful but often misunderstood options strategy: the cash-secured put. Often considered the sibling of the covered...
Ep10 - Jumping into the Deep End of Covered Calls with Russell Rhoads
15 Apr 2025
Contributed by Lukas
Episode Summary: In this special episode, Dan Passarelli is joined by longtime friend and options expert Russell Rhoads—Associate Clinical Professor...
Ep9 - Effing Around and Finding Out Why Covered Calls Work
08 Apr 2025
Contributed by Lukas
Welcome back, Wealth Builders! In this episode, Dan Passarelli takes a deep dive into why covered calls continue to outperform the market over time—...
Ep8 - They Lied to You! (Not) Why Covered Calls Work
01 Apr 2025
Contributed by Lukas
Episode Summary: In this eye-opening episode, Dan Passarelli challenges the common misconceptions surrounding covered calls. While most traders focus ...
Ep7 - The Future of Options Trading with Fidelity’s Greg Stevens
25 Mar 2025
Contributed by Lukas
Episode Summary: In this special Thought Leader Series episode of Wealth Building with Options, host Dan Passarelli sits down with longtime friend and...
Ep6 - How Covered Calls Work
18 Mar 2025
Contributed by Lukas
Episode Summary: In this meaty episode of Wealth Building with Options, host Dan Passarelli breaks down one of the most powerful strategies for invest...
Ep5 - Options: Better Tools
13 Mar 2025
Contributed by Lukas
Episode Summary: In this episode of Wealth Building with Options, host Dan Passarelli explores the foundational concepts of options trading. Using rel...
Ep4 - Guest Episode: Mark Benzaquen, Principal at OCC Education
10 Mar 2025
Contributed by Lukas
Episode Summary: In this special guest episode of Wealth Building with Options, host Dan Passarelli sits down with Mark Benzaquen, a principal at the ...
Ep3 - How Wealth is Created in the Stock Market
06 Mar 2025
Contributed by Lukas
Episode Summary In this episode, Dan Passarelli explores how wealth is created in the stock market and how the stock and options markets intertwine to...
Ep2 - The Case for Building Wealth
03 Mar 2025
Contributed by Lukas
In this episode, we kick off the podcast by tackling a fundamental question: Why should you focus on building wealth? Some say “money is the root of...
Wealth Building With Options Ep 1 - Prologue
25 Feb 2025
Contributed by Lukas
Prologue Episode Summary: Welcome to the inaugural episode of Wealth Building with Options, a podcast that takes you behind the scenes of writing a bo...