Jul 15, 2026 · 30 min · 10 segments
Mark Longo and Dan Passarelli dive deep into the mailbag to break down the mechanics behind the explosive growth of the options market and answer your burning strategy questions. The guys unpack a…
Dan PassarelliHostAnd Dan, do you have any mail for me, or is it, uh, is the mail bag empty? Did the mailman not come to your door again?
Maybe this is Henry's other handle, even though Henry has a pretty cool moniker bestowed upon him by me.
Dan, what do you think? Because we got our first question from Flow Chaser, and maybe this is Henry's brother or something like that.
And he, and [laughs] they wanna know, uh, "We're constantly hearing about record options volume.
Does that actually create more opportunity for retail traders or does it just make the market more efficient?" Well, Dan, more contracts, definitely better than fewer, I think most people would lean towards.
But, uh, Henry's brother wants to know, does it create more opportunity for the retail folks-

I mean, I would say, I would say it makes it more liquid, which is better for the retail trader.

Um, does it make it more efficient? Eh, probably, although a lot of that volume that we've seen pick up over the past few years has been retail volume, which, does it really make it more efficient? And when we're talking about efficiency, um, we're, I guess we're talking about volatility pricing, right?

[clears throat] And so a lot of retail people, you know, they buy calls or they sell covered calls or they buy puts.
I think if you're trading, you know, zero day at the money mag seven, I think you, you got a very efficient market right now, Dan.
And Dan, do you have any mail for me, or is it, uh, is the mail bag empty? Did the mailman not come to your door again?
Maybe this is Henry's other handle, even though Henry has a pretty cool moniker bestowed upon him by me.
Dan, what do you think? Because we got our first question from Flow Chaser, and maybe this is Henry's brother or something like that.
And he, and [laughs] they wanna know, uh, "We're constantly hearing about record options volume.
Does that actually create more opportunity for retail traders or does it just make the market more efficient?" Well, Dan, more contracts, definitely better than fewer, I think most people would lean towards.
But, uh, Henry's brother wants to know, does it create more opportunity for the retail folks-

I mean, I would say, I would say it makes it more liquid, which is better for the retail trader.

Um, does it make it more efficient? Eh, probably, although a lot of that volume that we've seen pick up over the past few years has been retail volume, which, does it really make it more efficient? And when we're talking about efficiency, um, we're, I guess we're talking about volatility pricing, right?

[clears throat] And so a lot of retail people, you know, they buy calls or they sell covered calls or they buy puts.
I think if you're trading, you know, zero day at the money mag seven, I think you, you got a very efficient market right now, Dan.
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