In this episode of Options Bootcamp, Mark Longo and Dan Passarelli dive deep into the world of options trading terminology that has largely been lost to time. They discuss legacy trading concepts like the 'Texas Hedge,' 'price improvement auctions,' and the 'penny pilot program.' They also reminisce about old order types like 'fill or kill' and explore terms like 'screen trader' and 'spot' in pricing. This episode provides a reflective look at how trading practices and slang have evolved over the years, all while engaging the audience with some light-hearted banter and nostalgia.

00:00 Introduction to Options Insider Radio Network

01:36 Meet the Hosts: Mark Longo and Dan Passarelli

03:49 Forgotten Options Terminology

06:48 Exploring the Penny Pilot Program

12:10 Price Improvement Auctions Explained

15:25 The Texas Hedge Explained

18:03 Fill or Kill Orders: A Blast from the Past

21:42 The Evolution of Screen Trading

23:06 Spot Pricing and Old School Lingo

25:12 Remembering Ticket Charges

26:54 Conclusion and Podcast Promotion

Options Boot Camp 344: Forgotten Options Terms Part 3

The Options Insider Radio Network