The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again from Option Alpha and welcome back to the daily call. Today, we are going to be talking about daycare and options trading risk. Yes, I know what you’re probably thinking. You’re probably thinking, “What on earth does daycare have to do with options trading and particularly, risk?” But I think you'll find this little analogy helpful because I think it does help as far as understanding conceptually what we try to do with our trades. The reason I say daycare is because when I first dropped off my daughter, my first daughter, Molly to daycare… And this is back when I was actually working. And so, we had Molly and I had a job and I was still working and I was doing Option Alpha in its infancy on the side and thinking about leaving, etcetera. And I remember dropping her off and literally crying the first day because this new lady that we know and we've interviewed necessarily, but we don't really know this person, we haven’t spent a lot of time with this person who's going to be now ma