Options Discovery is the original peer-learning series that pioneered the approach of having a young professional explore and demystify the world of options trading.

This week's episode of Options Discovery discusses risk and what it means in the world of options. Alex Teng sits down with Tony McCormick, the CEO of BOX Exchange - the self regulatory arm of Box Options - to discuss that topic. 12:53
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Options Discovery - Intro to risk with Tony McCormick

Today John Lothian News is kicking off a new segment of The Spread called Options Discovery, hosted by Alex Teng.  In this series viewers will learn the ins and outs of options along with Alex. He will take viewers through a wide variety of topics in the options industry, aided by interviews with experts and his own research. Our goal at JLN is to cut down your learning curve and make the world of options accessible to everyone. 6:04
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Options Discovery episode 1

In this episode of Options Discovery, Asma Awass introduces the effect of dividends and corporate actions on options prices. Alex Teng then sits down with Jordan Naylor, industry veteran and CEO of Matrix executions, to dive deeper into these concepts. Jordan discusses his background in finance, how options prices react during dividend events, the founding of Matrix executions and more. You can learn more about Matrix executions here: https://www.matrixexecutions.com/ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 15:28
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OPTIONS DISCOVERY EPISODE 21: INTRO TO OPTIONS & DIVIDENDS; CEO OF MATRIX EXECUTIONS JORDAN NAYLOR

In this Options Discovery full interview, Alex Teng sits down with Jordan Naylor, industry veteran and CEO of Matrix executions. Jordan discusses his background in finance, how options prices react during earnings events, effects of stock dividends on options, the founding of Matrix executions and more. You can learn more about Matrix executions here: https://www.matrixexecutions.com/ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 33:03
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INTRO TO OPTIONS ON EARNINGS: JORDAN NAYLOR, CEO OF MATRIX EXECUTIONS, EXPLAINS THIS CONCEPT & MORE

In this episode of Options Discovery, Alex Teng talks about how an option’s intrinsic and extrinsic values change over time as well as the decay of time value due to theta. Alex also speaks with author, former trader, trading mentor, and business media personality Dan Passarelli, to ask questions related to how option values change over time. You can find more info about Dan on his website MarketTaker.com. 23:06
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OPTIONS DISCOVERY EPISODE 13: OPTION BEHAVIOR; DAN PASSARELLI TALKS OPTIONS GREEKS WITH JLN

In this full interview, Alex speaks with author, former trader, trading mentor and business media personality Dan Passarelli, about how option values change over time as well as the intrinsic and extrinsic value of options. You can find more info about Dan on his website MarketTaker.com. 37:07
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DAN PASSARELLI OF MARKET TAKER MENTORING EXPLAINS OPTION PRICE BEHAVIOR IN THIS INTERVIEW WITH JLN

In this Options Discovery interview, Allard Jakobs, the CEO of All Options, sits down with JLN’s Alex Teng. In this interview Allard shares his thoughts on a variety of topics from hiring new traders to the All Options approach to market making. He also shares the history of how and why he founded his firm and how All Options has lasted for over 24 years. Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 36:41
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ALL OPTIONS CEO ALLARD JAKOBS TALKS RUNNING A TRADING FIRM, WHAT HE LOOKS FOR IN TRADERS

In this episode of Options Discovery, Alex introduces the different types of firms that make up the options industry. Alex also sits down with the CEO of All Options, Allard Jakobs, who talks about his experience running a market making firm. Allard also discusses his philosophy for hiring at his firm as well as how he has pivoted to address the big changes in the industry. Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 23:21
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OPTIONS DISCOVERY EPISODE 10: DIFFERENT TYPES OF OPTIONS FIRMS; ALLARD JAKOBS TALKS OPTIONS INDUSTRY

In this video for The Spread, Alex Teng spoke with Bill Brodsky, an industry giant who led both the Chicago Mercantile Exchange and the Chicago Board Options Exchange (Cboe) during his long career. 27:00
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Complete Interview: Bill Brodsky Talks Options History, Innovations & Strategy with JLN's Alex Teng

In this episode of Options Discovery, Alex Teng goes over institutional vs. retail options trading and the advantages and disadvantages for both. He also interviews Chen Liang, the co-founder of Odds.Trade, who talks about generating insight from data models and how he developed tools designed for entry level retail traders. Retail trading has doubled during the pandemic and has been growing steadily since, and retail traders want tools for analytics and visualization in their toolbox that will help them with a variety of options strategies, Liang says. 14:35
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Options Discovery Ep4: Institutional & retail options trading; interview w/ Chen Liang of Odds.Trade

In this episode of Options Discovery, Asma Awass explains what brokers are in the options industry and the services they provide. Alex Teng then sits down with Scott Sheridan, CEO of the brokerage firm tastytrade and co-founder of the trading platform thinkorswim, to discuss tastytrade, thinkorswim, and entrepreneurship in the options industry. Feel free to learn more about tastytrade and thinkorswim here: https://tastytrade.com/ https://www.tdameritrade.com/tools-and-platforms/thinkorswim.html 23:01
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Options Discovery Episode 19: Intro To Entrepreneurship And Brokerages In The Options Industry

In this Options Discovery full interview, Alex Teng speaks with Scott Sheridan, CEO of the brokerage firm tastytrade and co-founder of the trading platform thinkorswim, to discuss tastytrade and entrepreneurship in the options industry. Scott talks about a variety of topics, including his career and transition to the brokerage business, as well as the start and growth of tastytrade and thinkorswim. Feel free to learn more about tastytrade and thinkorswim here: https://tastytrade.com/ https://www.tdameritrade.com/tools-and-platforms/thinkorswim.html 49:45
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Entrepreneurship & brokerages in the options industry; Scott Sheridan, CEO of tastytrade, discusses

In episode 5 of Options Discovery, Alex Teng discusses options volatility, beginning with the basics of what is volatility? He talks about how to calculate historical volatility with a set period of historical data using excel or a spreadsheet calculator. He also explains the relationship between historical volatility and implied volatility, and interviews Professor Bob Whaley, who is the director of financial markets research at Vanderbilt University. Whaley is also well known for his work developing some of the most widely used volatility indexes, such as the CBOE VIX and the VXN 13:36
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Breaking Down Derivatives Volatility: Alex's In-depth Interview With The Vix Creator, Bob Whaley

In this full interview, Alex talks to longtime financial industry executive David Prosperi. David opens up about how he was able to be successful working on the public relations side of the industry and discusses the career experiences he learned from the most. He finishes the interview by giving advice to those looking to start a career in the options industry and talking about his time in the Reagan White House. 8:54
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OPTIONS DISCOVERY EPISODE 6:: DAVID PROSPERI: HOW TO BE SUCCESSFUL IN THE OPTIONS INDUSTRY

In this episode of Options Discovery, Asma Awass introduces equity option price behavior around earnings announcements. Alex Teng dives deeper into this topic with Callie Cox, a seasoned investment analyst and content creator from the “social-based” brokerage firm eToro. Callie discusses her background in options, indicators to look at when close to earnings announcements, how implied volatility comes into play, hedging with options before an earnings announcement, and more. You can learn more about eToro here: https://www.etoro.com/en-us/ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 18:31
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OPTIONS DISCOVERY EPISODE 20: INTRO TO OPTIONS & EARNINGS; ETORO INVESTMENT ANALYST, CALLIE COX

In this Options Discovery full interview, Alex Teng sits down with Callie Cox, equity and derivatives analyst at eToro, for this week's full interview. Callie breaks down indicators to look at when close to earnings announcements, how implied volatility comes into play, hedging with options before an earnings announcement, and more. Callie also discusses eToro, a “social-based” brokerage firm. You can learn more about eToro here: https://www.etoro.com/en-us/ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 38:08
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OPTIONS AND EARNINGS: CALLIE COX, INVESTMENT ANALYST AT ETORO, EXPLAINS THESE CONCEPTS

In this Options Discovery full interview, Asma Awass speaks with Rich Excell, a veteran portfolio manager and host of the Investment Exchange Forum & Macro Matters Podcast . Rich talks about a variety of topics from his career including his experiences as a portfolio manager and his blog Excell with Options. Rich also gives insight into the benefits of JEPI and JEPQ, the strategy behind them, their recent growth, and more. Feel free to learn more these two ETFs here: https://am.jpmorgan.com/us/en/asset-JEPI https://am.jpmorgan.com/us/en/asset-JEPQ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 50:20
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JEPI & JEPQ, JP MORGAN’S COVERED CALL ETFS; VETERAN PORTFOLIO MANAGER, RICH EXCELL

In this episode of Options Discovery, Asma Awass introduces covered call ETFs, more specifically JEPI and JEPQ. This episode includes a breakdown of covered call ETFS and the metrics of JEPI and JEPQ. Asma then sits down with Rich Excell, an experienced hedge fund portfolio manager and clinical assistant professor in finance, to discuss JEPI and JEPQ in more depth. Asma and Rich discuss the benefits of JEPI and JEPQ, the strategy behind them, their recent growth, and more. Feel free to learn more these two ETFs here: https://am.jpmorgan.com/us/en/asset-JEPI https://am.jpmorgan.com/us/en/asset-JEPQ Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 18:07
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OPTIONS DISCOVERY EPISODE 23: INTRO TO JEPI AND JEPQ; VETERAN PORTFOLIO MANAGER, RICH EXCELL

In this episode of Options Discovery, Asma Awass introduces the collar strategy. This includes a breakdown of a covered call and protective put which make up the strategy. Asma also sits down with Doug Ashburn, the executive editor at Britannica Money, to dive deeper into this strategy. To learn more about an options collar, check out Doug Ashburn’s article here: https://www.britannica.com/money/option-collar-strategy Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 13:15
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Options Discovery Episode 22; The Collar Strategy; Doug Ashburn, Exec. Editor at Britannica Money

In this Options Discovery full interview, Asma Awass sits down with Doug Ashburn, executive editor at Britannica Money. Asma and Doug discuss Doug’s career, the basics of a collar, when a collar is used, different versions of the strategy, and more. To learn more about an options collar, check out Doug Ashburn’s article here: https://www.britannica.com/money/option-collar-strategy Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 30:10
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Intro to the Collar Strategy; Doug Ashburn, Exec. Editor at Britannica Money, Discusses the strategy

In this episode of Options Discovery, Asma Awass discusses market makers in the options industry. This episode includes a breakdown of bid-ask spread trading, as well as some of the benefits and risks for market makers. Asma then sits down with Eric Cott, developer of the options education advisor program at the OIC, to discuss market makers in the options industry in more depth. Eric Cott is also the founder of Cott Consulting LLC. You can visit his website here: https://cottconsulting.com/services. Check out: https://johnlothiannews.com/ Follow John Lothian on Twitter: https://twitter.com/JohnLothian Follow JLN Options on Twitter: https://twitter.com/JLNOptions Follow MarketsWiki on Twitter: https://twitter.com/MarketsWiki Follow us on Linkedin: https://www.linkedin.com/in/johnjlothian/ Like us on Facebook: https://www.facebook.com/johnlothiannews 19:49
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Options Discovery Ep. 24: Eric Cott, Former OIC Education Advisor, Explores Market Makers

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Options Discovery is the original peer-learning series that pioneered the approach of having a young professional explore and demystify the world of options trading.

Hosted by an emerging market professional, the show breaks down complex options concepts into clear, understandable segments, complemented by in-depth interviews with industry experts.

By presenting options trading through the perspective of a learner, the series provides younger viewers with an accessible, relatable pathway to understanding the intricacies of options markets, transforming technical financial knowledge into an engaging and approachable learning experience.