A step-by-step guide to market-beating options trading strategies that work in the real world
In Build Consistent Wealth with Options: A New Mindset for Covered Call and Cash-Secured Put Investors, experienced trader and author Dan Passarelli shares for the first time a practical, hands-on guide to the popular options trading strategy known as The Wheel. Passarelli helps you overcome the most common and daunting obstacles that stand in the way of investors who try this strategy, changes theory into action and reveals the real-world steps to finally make it work for you.
The book introduces the Cycle/Recycle Trade, a blueprint that turns a nuanced and effective options trading strategyoften praised as beating the trusted buy-and-holdinto repeatable results most miss.
Inside the book:
A step-by-step guide to building a mindset that nurtures the strengths of probability and edge in your investing Expert guidance on setting and achieving objectives Hands-on examples demonstrating how to react to common options trading scenarios
Perfect for both retail and professional investors everywhere, Build Consistent Wealth with Options is an incisive, effective manual for the real-world application of options trading strategies that have stood the test of time.
Preface xv
Acknowledgments xvii
About the Author xix
Chapter 1: Alpha and Building Wealth 1
Chapter 2: Deriving Better Tools 13
Chapter 3: How and Why Covered Calls Work 19
Chapter 4: How and Why Cash-Secured Puts Work 35
Chapter 5: Straight-Up OG Covered Call Setups 53
Chapter 6: Cash-Secured Puts: Classic Dish, Special Sauce 69
Chapter 7: Buy-Writes and Opportunistic Improvements on Covered Calls 87
Chapter 8: The Wheel: Where the Rubber Hits the Road 107
Chapter 9: The Cycle/Recycle Trade 121
Chapter 10: Rewiring Your Brain for Investing 137
Chapter 11: Skate or Trade: How Objectives Drive Results 153
Chapter 12: The Trifecta of Analyses 159
Chapter 13: Metrics for Edge and Locking in Advantages 191
Chapter 14: Taxes, Commissions, and Liquidity 221
Chapter 15: Specific Situations and Optimizing for Optionality 241
Chapter 16: Trends and Ends (of Trends) 265
Chapter 17: Skate Objective Cycles 283
Chapter 18: Trade Objective Cycles 301
Chapter 19: How Are You Doing? And Goodbye 319
Notes 329
Index 331
DAN PASSARELLI is the founder and CEO of Market Taker Mentoring, Inc., a leading options education firm. He is a former member and market maker of the Chicago Board Options Exchange and CME Group, where he traded as an equity options market maker and agricultural options and futures trader.
