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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 May 20, 2025
Tuesday May 20, 2025
In this deep-dive episode, Dan Passarelli lays out the OG Covered Call setup—the foundational approach to trading covered calls that every serious trader should understand. This episode is Part 1 of a two-part series that walks through the “Skate” Objective—a strategy focused on collecting premium while avoiding assignment.
Dan brings together technical chart analysis, volatility evaluation, and decades of options expertise to show you how to set up covered calls with confidence and precision.
Key Takeaways
- Why sell options only when volatility is overpriced — and how to determine when that is
- The importance of stock price and liquidity when choosing covered call candidates
- Avoid earnings events and other scheduled volatility shocks that can ruin setups
- The 10% Rule to minimize slippage and improve execution
- Using technical resistance to “skate” profitably without getting assigned
- Chart types explained (candles vs. bars vs. lines) and why candlesticks can give you an edge
- How to evaluate volatility using the “1-2-3 Volatility Analysis”:
Tools & Concepts Covered
- Covered Calls vs. Cash-Secured Puts
- Option Chain Analysis
- Implied Volatility (IV) vs. Historical Volatility (HV)
- Resistance and Inflection Points
- Strike Proximity and “Wiggle Room”
- Using 6-month daily candle charts for timing and strike selection
Join the Community
Enjoying the podcast? Help grow the community:
- Share the podcast with other traders
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- Leave a review to support the show
- Join the Wealth Building With Options Substack at https://wealthbuildingwithoptions.substack.com
Disclaimer
Options involve risk and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options before trading. https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf
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