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Welcome to the Wealth Building With Options Podcast with Dan Passarelli. This podcast is dedicated to making you a calm, consistent and confident options trader. Inside each episode, Passarelli, an options industry veteran, helps you avoid the common mistakes, pitfalls and misconceptions about options trading as a consistent wealth building activity. You will discover actionable strategies to build wealth using assets you may already own. With a primary focus on the traditional “Wheel Strategy,” Passarelli taps his 30+ years as a market maker on the Cboe floor and options educator for investment firms, traders and international governments to make the process simple, straightforward and effective. As a subscriber to the Wealth Building With Options Podcast you will gain the valuable insights only an experienced trader and educator can provide. You’ll discover the keys to making covered calls and cash-secured puts work for you as a consistent wealth building activity. Whether you are investing in an IRA, a fully funded trading account or are a hobby trader. This is the key to consistent income through options trading.
Episodes
Tuesday Jan 06, 2026
Tuesday Jan 06, 2026
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 explains how to systematize the process so it fits into real life—reducing friction, minimizing time demands and making long-term wealth building sustainable.
Key Topics
- Why the wheel succeeds only as a cyclical strategy
- Commitment to process over individual trades
- Fitting the wheel into your daily or weekly schedule
- Stock selection and trade execution timing
- Managing expirations, assignments and recycling trades
- Minimizing adjustments and ongoing maintenance
- Using planning and automation to save time
- Systemizing the wheel for long-term results
Key Takeaways
- One-off trades don’t build wealth—cycles do. The power of the wheel comes from repeating the process consistently over time.
- Systemization is essential. A clear, repeatable routine makes the wheel sustainable and effective.
- The wheel must fit your life. When the strategy aligns with your schedule, it becomes manageable and even enjoyable.
- Time requirements are modest. With planning, most wheel maintenance takes minutes—not hours.
- Consistency beats intensity. A steady, methodical approach delivers better long-run results than sporadic effort.
- Make it a resolution worth keeping. This is the year to commit to a structured, cyclical investing process.
Connect
Learn more about host Dan Passarelli and Market Taker Mentoring: MarketTaker.com
Get exclusive content including video trade walk-throughs, Dan's actual trades, monthly AMA webinars and more: wealthbuildingpodcast.com
Subscribe on your preferred platform and leave a review to help more traders discover the show.
Disclosure:
Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read Characteristics and Risks of Standardized Options (ODD) which can be found at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document
Don’t trade with money you are not prepared to lose. Anything discussed on this show is intended to be generalized information and not intended to be a recommendation to buy or sell any security. The host and guests are not familiar with listeners’ specific situations. For trading information relevant to your specific needs, speak with a licensed broker or advisor.
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