Options Boot Camp 3: Buying Options

• Buying Options, with special guest Joe Burgoyne from the Options Industry Council.
  
• Benefits & Downsides of buying options.
  
• The Greeks most relevant to novice options buyers.
  
• Bullish Example: Buying a call
  
• Bearish/Defensive Example: Buying a put.
  
• Common options buying mistakes: Buying OTM options vs ATM/ITM options, Intrinsic vs. Extrinsic value, Loading up before earnings.
  

ROLL CALL
Mark and Dan sit down with this episode's guest Benny Joseph to discuss the Zecco mobile app. They cover a wide range of topics including:

• Can it execute options orders?
  
• Can you access the greeks of your position via the mobile app?
  
• Can you execute complex, multi-leg spreads via the mobile app?
  
• What features of the Zecco mobile app set it apart from the rest of the pack?
• What has the feedback been since launching this new app?

MAIL CALL
Mark and Dan answer questions from Zecco's Facebook community including:

• From Arsalan: If I buy a call option and when it is time to exercise it, will that be done automatically (from the strike price or by the cost basis price, which would be the premium+strike?) or will I need to do something, as well as if I don't have the buying power to exercise the option, what happens, can I just have it buy and sell the stock right then and there and just have the profit.

• From Mike: Is Delta a measure of how much the option moves in relation to the stock? Example. A delta of 0.7 would mean if the stock moves 10%, the option would move 7%?

About Mark S. Longo

Mark S. Longo is the founder of The Options Insider Inc. - a firm dedicated to providing free options information, education, news and analysis for options users. Whether it's on TheOptionsInsider.com, a leading online options destination; through Options Insider Radio, the world's only radio network for options users; or through a growing number of newsletters and live events, Mr. Longo continues to provide new ways to spread the word about options.Mr. Longo's analysis of the options market has appeared in a wide variety of domestic and international publications, including The Wall Street Journal, Financial Times, Reuters, Futures Magazine, and more. As one of the few industry commentators with practical options experience, he has developed a substantial following among industry veterans and newcomers looking for insight into this complex market.Mr. Longo began his career as an options trader on the floor of the Chicago Board Options Exchange.