Dan Passarelli is an author, trader and former member of the Chicago Board Options Exchange (CBOE) and CME Group. Dan has written two books on options trading: Trading Option Greeks and The Market Taker's Edge. He is also the founder and CEO of Market Taker Mentoring, a leading options education firm that provides personalized, one-on-one mentoring for option traders and online classes.Expand

Passarelli began his trading career on the floor of the CBOE as an equity options market maker. He also traded agricultural options and futures on the floor of the Chicago Board of Trade (now part of CME Group). In 2005 Dan joined CBOE's Options Institute and began teaching both basic and advanced trading concepts to retail traders, brokers, institutional traders, financial planners and advisers, money managers and market makers.

In addition to his work with the CBOE, he has taught options strategies at the Options Industry Council, the International Securities Exchange, CME Group, the Philadelphia Stock Exchange and many leading options-based brokerage firms.Collapse

Dan Passarelli of Market Taker and Jill Malandrino take a look at straddles and strangles, strategies to be used when trading volatility and not betting on underlying direction.
One of the strengths of options is that traders can profit from stocks that they don’t expect to move much.
Understanding this tool is essential for analyzing any and all option trades.

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