OIC's Wide World of Options features a dynamic mix of current events, investor resources, strategy insights and interviews with a variety of options professionals throughout the industry.
Using Implied Volatility to Implement Strategies
Aug 04, 2022
When markets become volatile, some investors see risk whereas others, opportunity. And thanks to the flexibility of trading options, investors can avail themselves of any number of strategies to potentially take advantage of these volatile markets or protect themselves from the uncertainty. Join seasoned options pros Mark Benzaquen and Ken Keating as they discuss the ins and outs of volatility as well as metrics such as IV rank, IV percentile, and strategies for both low and high IV situations.
Options Exercise and Assignment: Is There More Than Meets the Eye?
Jul 07, 2022
Even though more than 70% of all options are typically closed out ahead of expiration, there are still millions of contracts being exercised and assigned each month. Knowing this, it is important for investors to understand not only the benefits and risks of exercise and assignment, but also the rules surrounding the processes. Join seasoned options professionals Mark Benzaquen and Ken Keating as they take a deep dive under the surface of exercise and assignment to see that oftentimes, there is more than meets the eye.
Two Covered Call Strategies
Jun 02, 2022
Picking up from last month’s topic of Trading Options for Income, OICSM further explores the concept by focusing on two popular selling strategies - the Covered Call and a variant of the strategy, the "Poor Man’s Covered Call". Tune in as Wide World of Options host Mark Benzaquen and OIC instructor Roma Colwell breakdown the setup, strike selection, and position management of these two strategies.
Trading Options for Income
May 05, 2022
Option investors may have a range of investing objectives, including hedging, leverage, speculation and income generation. Wide World of Options host Mark Benzaquen and OICSM Instructor Mat Cashman explore the details of trading options for income. Tune in as they dive into special risks of option sellers, frequently used selling strategies such as covered calls, cash secured puts, credit spreads and considerations for position management.
Earnings Season for Investors
Apr 07, 2022
What are earnings and why are they important to investors? Join Wide World of Options host, Mark Benzaquen and OICSM instructor Ken Keating for an insightful discussion on earnings season. They will cover important topics like the impact of earnings on options investors, ramifications of earnings on implied volatility and considerations for option strategy selection and trade management.
Episode 75: Capitalizing on Market Moves with the Straddle
Dec 18, 2020
Tune in as host Ed Modla and OIC Instructor, Ken Keating, discuss the long straddle, a strategy for an investor that believes there is going to be a large market move in either direction. Then, Ed will answer your listener questions and discuss how you can calculate potential profit from your options trade.
Episode 74: What is the Option Collar?
May 08, 2020
In this episode you’ll hear from host Ed Modla and Patrick Ceresna, Founder and Chief Derivative Market Strategist at Big Picture Trading.
The duo will break down the construction of the option collar and talk position management. Then on Looking Back, Ed will return to the year 1973 to discuss the launch of the Chicago Board Options Exchange (Cboe) and how over-the-counter options were handled prior to being listed on the exchange.
Episode 73: Breaking Down the Iron Condor
Feb 10, 2020
On Strategy Spotlight, host Ed Modla chats with Parkwood Capital’s Kerry Given, a.k.a. Dr. Duke, about the Iron Condor. They discuss how the strategy is constructed, the impact of market conditions and differences to consider when comparing stock to index options. Later in the show, Ed answers listener questions about implied volatility and option exercise.
Episode 72: The Ups and Downs of A Long Call Position
Nov 26, 2019
On Strategy Spotlight, host Ed Modla sits down with Todd Salamone, Vice President of Schaeffer’s Investment Research, to discuss the upside and downside risks associated with holding a long call position. They will analyze market direction, provide insight for selecting a strategy and explore management and exiting techniques.
Episode 71: Technical Analysis
Oct 25, 2019
What is technical analysis and how can it be used to establish directional options strategies? Join host Ed Modla and Dan Gramza, President of Gramza Capital Management, as they discuss market structure, analysis of price movements and ways to put it together with an options strategy. Later, in Tools, Resources and Good Reads, Ed shares an OIC tool that may help you evaluate market moves.
Episode 70: A Multi-Tiered Approach
Sep 17, 2019
Curious about two-tier income strategies? Join host Ed Modla and CEO of Equity Armour Investments, Luke Rahbari, as they break down market condition, strike and expiration selection, strategy construction, downside risk and more.
Episode 69: Using the Collar for Protection
Aug 26, 2019
Join host Ed Modla and Mark Benzaquen, Manager of the OCC Investor Services team, as they discuss the collar strategy and the many ways that it can be used for downside protection. Then, Ed will take a look back at the launch of the options industry in the 1970s and its evolution to present-day.
Episode 68: Straddles and Listener Questions
Jul 30, 2019
Tune in as host Ed Modla and guest Dan Keegan of Option Thinker discuss using straddles as an investment strategy, the risks and rewards, plus how certain variables can impact pricing. Then later in the show, Ed will share resources for strategy selection and answer some of your listener questions.
Episode 67: Selling Options as an Investment Strategy
Jul 10, 2019
Many investors focus on buying assets for their portfolios – but it takes buyers and sellers to make a market. And the truth is both sides have benefits, as well as risks. Join Cboe’s Jermal Chandler and Ed Modla on this rebroadcast from OIC’s webinar series for a discussion about the key aspects of the selling side of the trade.
Episode 66: Three-Way Spreads and New Beginnings
Jun 21, 2019
On Strategy Spotlight, Joe Burgoyne chats with OIC Director of Retail Education, Ed Modla about the intricacies of the Three-Way Even Money Spread. Then, Joe takes a look back on his time with WWoO as he passes the torch to Ed who will be taking over hosting duties going forward.
Episode 65: Trading a Bull Call Spread
Jun 03, 2019
On Strategy Spotlight, host Joe Burgoyne sits down with Senior Specialist Bill Ryan, a show regular and familiar voice from the OCC Investor Services desk. Together, they’ll discuss bull call spreads and when an investor might want to employ this event-targeted strategy. Then, Joe will take listener questions on strike prices and the options market.
Episode 64: Debit Spreads and the OIC Website
May 27, 2019
Tune in as host Joe Burgoyne interviews Tony Zhang, Chief Strategist at OptionsPlay, about debit spreads. Learn the definitions and considerations that may be helpful when deploying this slightly complex strategy. Then, Joe will review valuable tools and resources that are currently available on OIC’s website.
Episode 63: Demystifying Spread Strategies
Apr 30, 2019
Jermal Chandler, an instructor at Cboe Options Institute discusses his unique journey from chemist to trader. Then, he and Joe Burgoyne will help to break down Ratio Spreads, Front Spreads and Backspreads. Later in the show, Joe will answer your listener questions.
Episode 62: Strategy Considerations for a Volatile Market
Mar 26, 2019
Join OIC host Joe Burgoyne and long-time OIC instructor, Bill Ryan as they discuss the short put and other bullish strategies that might be more challenging to implement in a volatile market.
Episode 61: Panel - The Option Pros Tell All
Mar 07, 2019
Join OIC for a lively discussion featuring our entire Investor Services team – these are the options professionals who help everyone with an interest in expanding their industry knowledge, from those who've never bought a single call to traders and advisors with years of experience. This session will be a showcase of the team, their services and their decades of combined experience with listed options.
Episode 60: The Bull Call Spread and Fond Farewells
Feb 01, 2019
Host Joe Burgoyne welcomes back OIC instructor Peter Lusk as he wraps up his illustrious career in the options industry with a discussion about the Bull Call Spread. Then, on Profiles & Perspectives, Joe interviews Andrew Giovinazzi, COO at the Option Pit.
Episode 59: Advanced Learning: Trading Talk With the Pros
Jan 10, 2019
No matter what we do, it helps to learn from the experts – it's as true with investing as it is with anything else. Join OIC for this opportunity to hear about options investing directly from the professionals. This show will feature a panel of traders describing how they think, how they manage risk and even how they adapt when they're wrong.
Episode 58: The Iron Butterfly
Dec 27, 2018
Ed Modla of OICs Investor Services team joins Joe Burgoyne to break down the Iron Butterfly and what investors may want to consider when utilizing this complex credit strategy. Then on Profiles & Perspectives, Joe interviews OIC's Vice President of Education, Paul Finnegan.
Episode 57: Panel - How Do You Know When to Hedge?
Dec 14, 2018
How Do You Know When to Hedge? Many investors continue to wonder how long the bull market will last. After all, it began almost a decade ago. So does it make sense to consider hedging? Join OIC for a lively panel discussion, moderated by OIC Sr. Investor Services Specialist Mark Benzaquen, to learn how professional investors think about hedging.
Episode 56: The Long Option Position
Nov 11, 2018
Dave Whitmore of E*Trade stops by to discuss strategies to consider when trading a long option position.
Episode 55: Panel - To Spread or Not To Spread
Oct 23, 2018
What makes more sense? Buying and selling straight calls and puts or creating a spread position? Join OIC and our panel of experts as they discuss this question to help you decide what is best for you. We'll also get into what strategies make the most sense for bullish and bearish situations.
Episode 54: The Rebranding of OCC and Stock Repair
Sep 25, 2018
On Profiles & Perspectives, Lisamarie Lukas, OCC's VP of Corporate Communications, stops by to discuss OCC's recent rebranding efforts and how it ties to the organization's role as a Systemically Important Financial Market Utility. Then, Ed Modla of Investor Services will review the stock repair strategy and how investors can use it to manage a losing stock position.
Episode 53: Options Pros Talk Technical Analysis
Sep 09, 2018
This rebroadcast of OIC's webinar panel program discusses how options professionals use technical analysis as they are forming an opinion on underlying assets.
Episode 52: Gamma Scalping
Aug 27, 2018
Are you curious about what Gamma Scalping is and how you can use it as a part of your investment strategy? Host Joe Burgoyne has you covered as he welcomes Stan Freifeld of McMillan Analysis Corp who will discuss its trading methodologies. Also, Michael Thomsett, a prolific author of several options-related books, joins Joe for Profiles & Perspectives.
Episode 51: Panel - Volatility, The Fuel That Moves Option
Aug 06, 2018
This rebroadcast of OIC's webinar panel discussion covers why implied volatility levels drive options premiums and why it's important to trading and strategy session.
Episode 50: Protection Strategies and Options Resources
Jul 23, 2018
OIC instructor Bill Ryan joins host Joe Burgoyne in a discussion about protection strategies. Then, Mark Benzaquen from OIC's Investor Services talks about how his group can help with your options-related questions.
Episode 49: Panel - Options Pros Talk Put-Call Parity and More
Jul 09, 2018
This rebroadcast of OICs webinar panel on Put-Call Parity covers whether understanding these price relationships helps the decision-making process.
Episode 48: Backspreads and Listener Questions
Jun 26, 2018
On Strategy Spotlight, Joe Burgoyne covers the intricacies of Backspreads with Dave Whitmore of E*TRADE. Plus, Joe will answer listener questions.
Episode 47: Panel - How to Build a Calm, Patient Trader Psychology
May 15, 2018
This rebroadcast of OICs webinar program focuses on what may cause an investor to lose control of their trading mind under pressure. Learn what needs to be done in order to produce the calm, patient mind necessary for effective trading.
Episode 46: How to Get Started in Options and Investor Services
Feb 15, 2018
Host Joe Burgoyne welcomes back Dan Sheridan who will discuss what investors need to know about trading options. Then on Profiles & Perspectives, Ed Modla provides some historical context to OCC's role in the industry.
Episode 45: Panel - Getting Started with Options
Jan 12, 2018
The OIC team of experienced instructors will continue the conversation with the introduction to options for beginners. This lively panel conversation will review the basic language of options; how opening and exit trades work; and important details investors and financial advisors need to know before they invest with options.
In this rebroadcast, OICs webinar panel of experienced professionals will help you gain confidence you need to get started.
Episode 44: Panel - Do Earnings and Listed Options Go Together?
Dec 22, 2017
Four times a year the markets react to corporate earnings announcements. If you decide to initiate options strategy in this environment, there are important factors to consider like: stock, index or ETF options? Will the effect of implied volatility have a greater impact on options prices than the stock movement itself? These questions along with specific option strategy ideas will be debated with our panelists from the CBOE/MIAX and moderated by Joe Burgoyne, Director of Individual Investor Education.
In this rebroadcast OICs webinar panel of experienced professionals will help you understand if earnings and listed options go together.
Episode 43: Earning Announcements and Options Growth
Dec 04, 2017
Bill Ryan joins OICs Joe Burgoyne to chat about how earnings announcements can impact your options portfolio. Then, on Profiles & Perspectives, Nasdaq's Jill Malandrino discusses her thoughts on historically low volatility and the potential for listed options market growth.
Episode 42: Panel - Your Key to Understanding Options: A Discussion with the Pros
Nov 21, 2017
This rebroadcast of OICs webinar panel takes a deep dive into basic options concepts with a panel of experienced professionals that will help you understand how options fit into bullish, bearish and sideways market situations.
Episode 41: Strategies for Earnings Announcements and Trading Tools
Oct 18, 2017
Roma Colwell-Steinke of CBOEs Options Institute joins Joe Burgoyne in a conversation about strategy considerations for earnings announcements and then Karen Sood of CBOE Vest discusses how trading tools and technology can impact investment decisions.
Episode 40: Panel - What Greeks Can Teach You About Options
Sep 25, 2017
This rebroadcast of OIC's webinar panel takes a deep dive into options Greeks and looks at some of the mechanics behind options pricing.
Episode 39 - Selecting Options Strike Prices and Months
Aug 28, 2017
Joe Burgoyne speaks with Dan Passarelli from Market Taker Mentoring on what investors should consider when choosing strike prices and month. Then, on Profiles and Perspectives, Carolyn Leonard of DyMynd shares her experiences as a woman in the financial industry and what resources are available to women who are seeking financial empowerment.
Episode 38: Panel - Options Strategy Selection: What You Should Think About Before You Trade
Jul 21, 2017
This rebroadcast of OICs webinar panel discusses how experts choose their optimal options strategy and the important questions that investors and traders should consider before trading.
Episode 37: Choosing a Strategy and Dark Pool Trading
Jun 23, 2017
On Strategy Spotlight, Joe Burgoyne covers what to consider when selecting an options strategy. Then on Profiles & Perspectives, Stefanie Kammerman from The Stock Whisperer Trading Company explains dark pool trading.
Episode 36: Rolling Option Positions and Listener Questions
May 01, 2017
Host Joe Burgoyne answers listener questions about mini-options and investor resources. Then on Strategy Spotlight, Kevin Davitt of CBOEs Options Institute defines what it means to roll an option position and why investors might want to consider doing so.
Episode 35: Panel - Tax Advantages to Trading Index and Non-Equities Options
Mar 24, 2017
This rebroadcast of OICs webinar program features Bob Gordon, president at Twenty-First Securities Corp., who will guide us through the unique and, sometimes, the most preferable tax treatment given to index and other non-equity options.
Episode 34: Panel - Rolling With the Markets
Jan 30, 2017
This rebroadcast of OICs webinar panel discusses different approaches to adjusting your options position when markets move in your favor or against you.
Episode 33: Delta Spreads and OICs Position Simulator
Dec 01, 2016
Joe Burgoyne speaks with Randy Frederick from Schwab about Delta Spreads and discusses helpful investor resources including OIC's position simulator.
Episode 32: Panel - What Volatility Means For Your Investing
Aug 31, 2016
In this deep-dive discussion, Joe Burgoyne facilitates a discussion with a panel of guests about how volatility can move markets -- and help your options investing.
Episode 31: Rolling Options Positions and OCC Advocacy
Jul 08, 2016
Joe Burgoyne explores the topic of rolling options positions with Steve Claussen from OptionsHouse. Then he connects with Joe Kamnik from the OCC to discuss its role as an advocate for the industry.
Episode 30: Panel Discussion - Options and Income Strategies: What You Need to Know
Jun 10, 2016
We will take a deep dive into basic income-generating options strategies with a panel of experienced professionals, including Laurie Itkin, Alan Ellman and Ed Modla, who will share their experiences with income strategies for today's low-interest-rate environment.
Episode 29: Generating Income with Options
May 17, 2016
Joe Burgoyne talks all about income generation this month with interviews with Dan Sheridan from Sheridan Options Mentoring, and The Options Lady, Laurie Itkin. Topics include covered calls, selling puts, spreads and condors.
Episode 28: Panel Discussion - What Greeks Can Teach You About Options
Apr 28, 2016
Take a deep dive into options Greeks and join a panel of options professionals, including Steve Claussen from Options House and Dan Passarelli from Maker Taker Mentoring, for an advanced discussion of some mechanics behind the pricing of an option.
Episode 27: Options Greeks and Next-Level Trading
Apr 14, 2016
Joe Burgoyne talks about the importance of the Greeks with Dan Passarelli from Market Taker Mentoring. Then, he sits down with Dave Whitmore from E*TRADE to discuss how traders can go beyond being a novice.
Episode 26: Risk Management and Listener Questions
Mar 09, 2016
Joe Burgoyne dives into the topic of risk management with Andrew Giovinazzi from Option Pit. They discuss using options to limit portfolio risk and managing your trading expectations. Also, Joe talks with Greg Stevens at Fidelity.
Episode 25: Using options to invest fearlessly in 2016
Feb 03, 2016
Joe Burgoyne sits down with Alan Ellman from The Blue Collar Investor to discuss how investors can get a jump start on 2016 by adding options to their portfolios. Topics include fundamentals, basic strategies, and common mistakes.
Episode 24: Managing Your Funds with Options on ETFs
Dec 30, 2015
Joe Burgoyne takes a deep dive into options on ETFs. In this episode, he talks with Roma Colwell-Steinke, from the CBOE, about how investors can use options on ETFs to add diversity and income to their portfolios.
Episode 23: Binary Options and Ongoing Education
Nov 30, 2015
Bill Ryan, joins host Joe Burgoyne to discuss the upcoming launch of binary equity options at NYSE. Then, in Profiles and Perspectives, Brian Overby, from Trade King, joins Joe to discuss options education.
Episode 22: Popular Retail Options Strategies and Trading the Calendar
Oct 07, 2015
Joe Burgoyne chats with Peter Bottini, from OptionsHouse to discuss the popular options strategies his firm sees retail traders employing. Then, in Looking Back, Joe takes a deep dive into the months of the year to see if you really should “Sell in May.”
Episode 21: Searchable ODD and Time Spreads
Sep 09, 2015
Joe Burgoyne highlights the addition of a search feature to the ODD document in Industry Happenings. Then he discusses time and calendar spreads with Andrew Giovanazzi from Option Pit.
Episode 20: Early Trading Hours and Short Puts
Jul 23, 2015
On Industry Happenings, Joe Burgoyne discusses what traders need to know about CBOEs new Early Trading Hours. Then, Laurie Itkin from Coastwise Capital joins Joe to chat about incorporating short puts and covered calls into clients portfolios.
Episode 19: Covered Calls and Climbing the Wall of Worry
Jun 01, 2015
Peter Lusk joins Joe Burgoyne to discuss motivations behind using the covered call strategy. Also, do you know what it means to "climb the wall of worry"? Joe has your answer on today's Looking Back segment.
Episode 18: The Emotional Traits of Traders
Apr 23, 2015
Rande Howell, founder of Traders State of Mind, discusses the psychological habits of traders and ways to help manage emotions such as fear, uncertainty and anxiety.
Episode 17: Back Spreads and Industry Updates
Mar 12, 2015
Interested in learning more about Back Spreads? Check out this latest episode on Strategy Spotlight.
Episode 16: An Investors Thought Process for Buying Calls
Dec 04, 2014
Joe Burgoyne discusses the thought process an investor may use when buying calls.
Episode 15: Covered Call Combinations and Volatility Charts
Oct 31, 2014
On Strategy Spotlight, Joe Burgoyne discusses Covered Call Combinations with Randy Frederick of Schwab. Then Shelly Brown of MIAX stops by to discuss what's new with the exchange. Want to learn more about volatility charts? Joe has the 4-1-1 on Tools, Resources and Good Reads.
Episode 14: Contract Adjustments, Collars and Back Spreads
Sep 03, 2014
Joe Burgoyne discusses contract adjustments. Then on Profiles and Perspectives, Joe interviews John Burnside of Freeboard Capital about the use of option strategies including collars and back spreads.
Episode 13: Stock Splits and Calendar Spreads
Jul 28, 2014
On Industry Happenings, Joe Burgoyne explains stock splits and what investors should know about them. Then, Shawn Howell of Pro Market Advisors joins Joe for a Strategy Spotlight discussion on Calendar Spreads with Index Options.
Episode 12: Option Tools and Covered Call Writing
Jun 03, 2014
Joe Burgoyne talks about tools that can help you grow your options knowledge like OIC's MyPath assessment, our new mobile app and the position simulator. Then, OIC Investor Services Senior Specialist Bill Ryan joins Joe for a discussion on Covered Call Writing.
OICs Wide World of Options 12: Option Tools and Covered Call Writing.
Episode 11: Calendars and Diagonals with Weeklys Options
Apr 28, 2014
Joe Burgoyne and Russell Rhoads delve into the topic of Calendars and Diagonals with Weeklys Options. Also, hear about Bollinger Bands and Joe's latest reading pick for Tools, Resources and Good Reads.
Weeklys is a servicemark of the Chicago Board Options Exchange, Incorporated.
Episode 10: Options Skew and A 2013 Year in Review
Mar 07, 2014
Host Joe Burgoyne speaks with Dan Passarelli of Market Taker Mentoring about the intricacies of options skew. He also provides a recap of options volume for 2013 and then he'll wrap up with resources investors might want to consider as they grow in the options space.
Episode 09: Iron Condors and Investor Services
Jan 30, 2014
On Strategy Spotlight, Dan Sheridan of Sheridan Mentoring will join Joe to discuss using Iron Condors with Weeklys, then you'll hear about what the Investor Services team offers investors who are looking for answers to their options-related questions.
Weeklys is a servicemark of The Chicago Board Options Exchange, Incorporated.
Episode 08: Things to Consider When Buying Options and The Elliot Wave Theory
Dec 19, 2013
Shelly Brown of MIAX joins Joe for a discussion about his experience in the industry and some of the exchange's key milestones. Also, Brian Overby of TradeKing shares his perspective on what investors should considering when buying options, then Joe will introduce you to the Elliott Wave Theory.
Episode 07: LEAPS and Listener Questions
Nov 11, 2013
Joe will cover the ins and outs of LEAPs with Steve Claussen of OptionsHouse and then wrap up with some listener questions.
LEAPS and Long-term Equity Anticipation Securities are trademarks of Chicago Board Options Exchange, Incorporated.
Episode 06: Straddles and Strangles
Oct 04, 2013
Host Joe Burgoyne discusses ISE's background in being the first electronic exchange. Then he'll talk straddles and strangles. Interested in hearing about the technology boom in the nineties? Joe has you covered plus he'll tell you a little bit about bar charts and candlesticks on Tools, Resources and Good Reads.
Episode 05: Flex Options and Butterfly Strategies
Aug 28, 2013
In this episode, Joe touches on the topic of Flex options and then OIC Instructor Marty Kearney joins him for a discussion on butterfly strategies. Also, Patty Schuler of BOX Options Exchange shares her experiences and insights on this week's Profiles & Perspectives segment.
Episode 04: Industry Review and The Collar Strategy
Jul 30, 2013
Joe starts the show with a brief overview of the options industry, and how collars work as an investment strategy. Then, you’ll hear Joe's recommended reading in his segment Tools, Resources and Good Reads.
Episode 03: The Starting Sixteen and Credit Spreads
Jul 16, 2013
Can you name the first stocks to have options traded on them? Listen to the show to find out how many you know. Also, Joe will discuss the ins and outs of credit spreads with Alex Jacobson and then wrap up with a conversation with the founder of Options Insider Radio Network Mark Longo.
Episode 02: Selling Puts and Mini Options
Jun 25, 2013
Joe Burgoyne starts the show with a brief overview of mini options followed by an interview with OIC Instructor Bill Ryan, who will speak about the intricacies of selling puts. Joe then wraps things up with a discussion about the time in options history when there were no puts.
OIC's Wide World of Options 02: Selling Puts and Mini Options.
Episode 01: Weeklys and Bull Call Spreads
Jun 04, 2013
For the inaugural show, Joe will kick things off with a discussion of Weeklys, a Strategy Spotlight segment on Bull Calls with Peter Lusk, followed by a nostalgic look back at the start of the options industry.