4.6 • 658 Ratings
🗓️ 14 October 2016
⏱️ 53 minutes
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“The first thing people need to understand about options is that the market is incredibly efficient”, says Kirk Duplesis from OptionAlpha.com. There is no free lunch, meaning you don’t get anything without giving up something. Kirk describes buying an option
The post MTI108: Option Alpha, with Kirk Du Plessis appeared first on Money Tree Investing Podcast.
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0:00.0 | Welcome to the Money Tree Investing Podcast. |
0:04.5 | Stock market, wealth, personal finance, value stocks, invest in your life. |
0:10.2 | Welcome to another episode of the Money Tree podcast. |
0:12.8 | I'm Joe Sall See High from Stacking Benjamin's, and I'm in the driver's seat today, which means we're going to have a lot of fun. |
0:18.6 | And the guy we're having a lot of fun with the victim on today's |
0:22.6 | podcast from option alpha.com. It's the one and only Kirk DuPlessis. Thanks for joining us, man. |
0:28.4 | Hey, thanks for having me on John. I appreciate it. Love to be the victim. Let's do it. |
0:31.1 | Well, you know, there's two reasons you hear. Number one, you love talking options. But number two, you've got less than one year old in the house, |
0:38.1 | which means you're just trying to stay away. Yeah, yeah. She's upstairs screaming right now. |
0:42.9 | You just can't hear her. She's so far away from the mic. You must have some soundproof walls. |
0:47.3 | Yeah, yeah. Well, I can hear on the monitor, mine like wife, you got to keep her upstairs for at least |
0:51.6 | an hour. I don't care what you do. You know, keep her screaming, keep her asleep, whatever. I feel that way with the cat. But you and I are both |
0:58.2 | married. You know you're going to pay for this later. Exactly. Yeah. I do my time. Right. Well, |
1:02.6 | let's talk about options because for some people, this is like a foreign language that I don't think |
1:08.0 | that it has to be. Where were you when you realized the options |
1:12.4 | were a necessary ingredient in your portfolio? Do you remember that day? I don't know if I remember |
1:17.0 | the day, but I've always been interested in finance. And so, like, I went to school for finance. |
1:21.4 | I knew I want to be in finance. I ended up working on Wall Street for a little bit. And so that's |
1:25.6 | really where I got like my introduction to |
1:28.0 | not the book side of things, but like the actual application side of how to use options. |
1:33.8 | So I don't know if it was a particular day, but it was definitely at my time in New York working for |
1:37.3 | Deutsche Bank. Was it some mentor then that said, you know, whenever you do X type of trade, |
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