MI Rewind: Should YOU Trade Options? with Tom Sosnoff
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 15 December 2023
⏱️ 53 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.4 | On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with their new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. On today's show, |
| 0:37.8 | I chat with Tom Sazanov to discuss the ins and outs of options trading, how it works, |
| 0:43.1 | some strategies for beginners, and its expected returns and risks. Tom is a well-known |
| 0:48.7 | entrepreneur and options trader. He was the founder of Thinker Swim, which he sold to TD Ameritrade, and is now the founder |
| 0:56.1 | of Tasty Trade and Tasty Works, which he just recently, since we recorded this episode, |
| 1:01.6 | sold for a billion dollars. |
| 1:04.0 | Back on episode seven, I talked with Kirk DePlussis about trading options for beginners, |
| 1:09.1 | and I received a lot of positive feedback from you guys about |
| 1:11.3 | it. Still to this day I get asked about options a lot on social media, so I thought I'd bring |
| 1:16.7 | on one of the biggest names in options trading to talk about it more. I hope you guys enjoy |
| 1:21.7 | this conversation with Tom Sazenov. You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert |
| 1:30.4 | Leonard, interview successful entrepreneurs, business leaders and investors to help educate |
| 1:35.7 | and inspire the millennial generation. |
| 1:37.9 | Hey, everyone, welcome back to the millennial investing podcast. As always, I'm your host, |
| 1:50.9 | Robert Leonard. And with me today, I'm super excited to have Tom Saznaf. Welcome to the show, Tom. |
| 1:56.0 | Thanks, Robert. Happy to be here. You have a background as an entrepreneur and as an investor, which are two of the main topics that we cover here on the show. So I want to talk a bit about both of those throughout the episode today. But let's start from the beginning. Tell us a bit about yourself and how you got to where you are today. I'm not exactly sure how I got here, but I'm here. You know, it's funny you mentioned entrepreneur and investor. I guess I'm a really good entrepreneur. I guess I'm a really lousy |
| 2:20.4 | investor. But I've been in this business. I'm kind of a junkie. So I've been in this business |
| 2:24.9 | now since I graduated college in basically 1979, 1980. So it's been one industry for me for |
| 2:33.2 | 40 years. Why would you say you're a lousy trader or investor? I'm a good trader. I've been trading for 40 years, so I'm a survivor. I'm definitely passed that test. I said I'm a lousy investor. I'm not a good passive investor. I'm not a good judge of, I guess, investments. I can't focus that well on that kind of stuff. |
| 2:51.9 | So I have a soft spot in my heart because people, when I first got started, people gave me |
| 2:57.2 | money to trade with and bet on me. |
... |
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