Mark D. Wolfinger, Ph.D.
Ph.D.
expertise
Options trading, Market making
education
Brooklyn College, Northwestern University
Highlights
- Professional options trader since 1975
- Former market maker at the Chicago Board of Exchange
- Author of multiple books, including "The Rookie's Guide to Options"
Experience
Mark Wolfinger is a former writer for The Balance who covered options trading. He was an options market maker at the CBOE for over two decades and has shared his expertise as the author of several books on the subject, including "The Rookie's Guide to Options," now in its second edition.
During his time at the CBOE, Wolfinger used strategies including writing covered calls and naked puts, selling put credit spreads and trading iron condors. He has continued to trade for his own account and uses his books, trading seminars, and blog to advise novice options traders.
Wolfinger's other books and e-books include:
- Create Your Own Hedge Fund (2005)
- The Short Book on Options (2002)
- Iron Condors (Volume 2 in the Best Option Strategies series) (2014)
- Introduction to Options: The Basics Kindle (2014)
- Writing Naked Puts (Volume 1 in the Best Option Strategies series) (2014)
- The Short Book on Options (2002, 2014)
- The Option Trader's Mindset: Think Like a Winner Kindle (2012)
- Lessons of a Lifetime: My 33 Years as an Option Trader Kindle (2010)
Latest From Mark D. Wolfinger, Ph.D.
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Misconception: Almost All Options Expire Worthless
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Negative Gamma for Aggressive Traders
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Stock Trading vs. Option Trading: Options Are Not Stocks
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Option Strategies and the Philosophy Behind Writing Covered Calls
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Using Positive Theta Strategies When Bullish or Bearish
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Understand an Out of the Money Option and How to Hedge It
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Advice on Making Your First Option Trade
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Why Puts Cost More Than Calls
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Odds That Your Options Will Move Into the Money
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How Implied Volatility Works in Trading Options
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SPX Options vs. SPY Options
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Learn About the Psychology of Trading and How Mindset Effects Results
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Strategies for New Option Traders
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Learn What Volatility Skew Means in Investments
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Long-Term Investing and What Happens If You Buy the Dips Every Day
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Are Options for Risk Takers or the Risk Averse?