Options Boot Camp

This week on Options Boot Camp, Mark and Dan tackle one of the biggest questions facing traders right now: Are markets underpricing geopolitical risk? They dive into valuation concerns, global uncertainty, and what traders should really be watching. Plus, they explore whether gamma exposure metrics are becoming essential tools or just another overhyped signal.
The mailbag is packed with listener questions on the wheel strategy, Bitcoin volatility, crypto options growth, pattern day trading concerns, and broker tools for tracking wheel trades. And yes… the listeners are already building their next Deathmatch wishlists.
Plus, hear details on the current tastytrade listener promo, including double rebates at tastytrade.com/insider.

The "Pattern Day Trading" (PDT) era is officially coming to an end! In this episode, Dan Passarelli and Mark Longo break down the massive regulatory shift coming on June 4th—which some are calling "Trader Independence Day." FINRA is moving away from the rigid $25,000 account minimum for active traders, but as the old saying goes: be careful what you wish for.
In this episode, the drill instructors discuss:
The Death of PDT: What the removal of the "four trades in five days" rule means for small accounts.

The New "Dynamic" Risk Models: Why your broker might be watching you closer than ever.

The Rise of Margin Calls: Is the trade-off for freedom a more aggressive liquidation environment?

Zero-Day Options (0DTE): How the explosion of same-day expiration forced the regulators' hands.

Implementation Timelines: Why some legacy brokers might keep you under the old rules until October 2025.

Plus, we answer listener questions about the impact of this change on stock volatility and the potential for "call skews" to get bid up by a new wave of retail traders.

The drill instructors are going mobile! This week, Options Boot Camp is reporting for duty live from the 2026 Options Industry Conference (OIC). Host Mark Longo is joined on-site by the "black-hatted one" himself, Dan Passarelli of Market Taker Mentoring, to break down the hottest trends and most controversial topics buzzing on the conference floor.
From the rapid evolution of 0DTE (Zero Days to Expiration) options in single names to the looming reality of 24/7 equity and options trading, Mark and Dan pull back the curtain on where the industry is headed. They also dive into the "everything old is new again" trend of event contracts and prediction markets, the potential pitfalls of tokenizing Apple shares, and whether AI chatbots will soon be the ones recommending your next iron condor.
In this episode, we cover:
The 0DTE Explosion: A look at how single-name zero-day options became a reality despite industry skepticism.

The 24-Hour Market Push: Is 24/7 trading an inevitability, and what does it mean for liquidity and "circuit breaker" rest?

The "Wheel" Strategy: Dan discusses the ROI metrics you need for the Wheel and why brokers still struggle to track this strategy holistically.

AI and the Virtual Pit: Can a registered chatbot truly understand your personal risk tolerance?

Event Contracts & Litigation: Why the next big boom in binary options might lead to a billion-dollar battle between states and exchanges.

The rise of Zero Day to Expiration (0DTE) options has completely transformed the retail trading landscape, but has the market finally "squeezed the juice" out of premium harvesting? On this episode of Options Boot Camp, Mark Longo and Dan Passarelli dive deep into a "back-of-the-napkin" analysis of 0DTE SPX straddles.
They explore whether the massive influx of sellers has pushed premiums so low that it actually makes more sense to be a buyer. Plus, Dan discusses his latest book reaching the Amazon bestseller lists and tackles listener questions on tracking covered call rolls and the future of 0DTE equity options.
On this episode, we break down:
The 0DTE Shift: Are we giving away the "weekend decay" for free?

Statistical Deep Dive: A look at SPX straddle performance over the last 45 and 80 days.

Intraday vs. Close-to-Close: Why path dependency is the secret to 0DTE profitability.

The Complexity of Backtesting: Why traditional backtesting models fail in the current 0DTE environment.

The "Wheel Death Match": Managing covered calls and tracking roles effectively.


Go to  tastytrade.com/podcasts to see why genius loves company and how you can take advantage of their industry-leading education and support team.

The Wheel Strategy is often touted as the ultimate "income generator," but most traders get it wrong because they lack the right mindset. In this episode, Mark Longo is joined by Dan Passarelli to discuss his brand-new book, Build Consistent Wealth with Options.
They go beyond the basic mechanics to explore the three pillars of the Wheel, why most retail traders fail when they actually get assigned, and how to "rewire your brain" for probabilistic investing. Whether you're a passive investor or an active trader looking for an edge, this deep dive into the "Cycle-Recycle" method will change how you view covered calls and cash-secured puts forever.
In this episode, we cover:
The Three Pillars: Mindset, Objectives, and Methodology.

The "Cycle-Recycle" Trade: Why the Wheel only works as a continuous system.

The "Skate" vs. "Trade" Objective: How to decide if you actually want the stock.

The PAS Indicator: Dan's custom tool for finding the "sweet spot" in premium.

Alpha & Taxes: Maximizing your edge while managing the "silent killers" of wealth.