You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make

smarter trades learn how the stock market really works and generate consistent monthly

income. Now your host and head trader at option alpha.com, Kirk depluses.

Hey everyone, this Kirk here again from option alpha working every single week to make this the most popular investing podcast offered online because it's based on one thing and one thing only and that's helping you guys make smarter trades.

So again, thanks so much for tuning in today on today's show. I am very

excited to bring to you an interview that I did with former CBOE options market maker, David Lincoln, and I think we had an

amazing time on this podcast interview together.

David and I have been communicating back and forth for a couple months now kind of sharing stories

and ideas and chatting and I invited him on the show because I thought that his experience and his background would give you guys a unique insight and look into how a marketmaker actually forms their duties, how he kind of thought about the markets from a different

perspective and I think some of the stories that you'll hear about how he went from

in some cases making a hundred thousand dollars a day to losing a three

hundred thousand dollars in a single session and everything in between I think is really, really

insightful and I'm very gracious and very appreciative that David was able to jump on and spend some

time with us and kind of open up as we did this interview.

So again, as I go through this interview, please pay particular attention to some of the topics and

thought processes that we go through, specifically how we look at David's history as far as trading,

kind of the differences between how market makers performed their duties previously in the past and now how technology

and electronic exchanges are now changing that.

We also talk about all of the different trades that he's made in the past and kind of different

little mini case studies with options trades, with scalping trades in stock with earnings trades and a bunch of

straddles at one point so a lot of different topics there and then we finally kind

of end the conversation talking a lot about his specialty which is Vicks and Volatility trading and I think you'll really

...