{"id":237502,"date":"2026-01-23T11:00:00","date_gmt":"2026-01-23T16:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=237502"},"modified":"2026-01-26T05:14:39","modified_gmt":"2026-01-26T10:14:39","slug":"are-you-using-options-the-right-way-dont-fall-into-this-trap","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/","title":{"rendered":"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap."},"content":{"rendered":"\n

Beware of self-proclaimed investing experts.<\/p>\n\n\n\n

A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options in pursuit of a wonderful life.<\/a><\/p>\n\n\n\n

Self-proclaimed options expert David \u201cCaptain Condor\u201d Chau and his entourage lost more than $50 million with a complicated S&P 500 index<\/a> options strategy, according to MarketWatch<\/a>, just before the year ended. Some of his followers lost their life savings, with one of them even creating a GoFundMe page to cover his living expenses.<\/p>\n\n\n\n

Until our reader wrote in, Captain Condor was unknown to me. I never saw his Wall Street Journal profile<\/a>, his Charles Schwab Network interview, his Inside Options website, nor his social media. I have, however, seen many people pass through the financial markets\u2019 revolving door that is reserved for self-proclaimed experts who benefit from other people\u2019s money.<\/p>\n\n\n\n

Every options expert I know\u2014and I have met only a few, even after decades in the market\u2014would never describe themselves as such. I\u2019m thinking of Susquehanna\u2019s Jeff Yass, Interactive Brokers\u2019 Thomas Peterffy, Goldman Sachs\u2019 John Marshall, and Oppenheimer\u2019s Michael Schwartz, and others who prefer anonymity.<\/p>\n\n\n\n

Self-proclaimed experts usually attract trouble through hubris, though I\u2019ve seen bank traders and hedge fund managers annihilate themselves with slavish beliefs in trading ranges. Markets always change, and many people cannot change\u2014or worse, they don\u2019t realize change has occurred. Many successful open-outcry pit traders failed to transition to electronic markets. One former market maker was seen selling shoes at an Illinois mall.<\/p>\n\n\n\n

Those stories have strengthened my belief that\u2014for most investors\u2014simple strategies are the best approach. Few people can trade options for the sake of options, but anyone can use options to be a better stock investor<\/a>.<\/p>\n\n\n\n

Over the years, I\u2019ve formulated some principles that I continually refine, and that I share now in honor of our reader and his friend.<\/p>\n\n\n\n

\u2022 When trading options, have a stock-first, options-second mind-set. Sell cash-secured puts to buy stocks. To sell stocks, sell a covered call. These two strategies will help you buy low and sell high.<\/p>\n\n\n\n

\u2022 Compound returns are everything, and these two strategies enhance that phenomenon and long-term investing success.<\/p>\n\n\n\n

\u2022 Huge returns are possible with options, but don\u2019t let that be your focus. Generate \u201cconditional dividends\u201d by selling calls and puts. Those returns can rival and exceed common stock dividends, which generate as much as 50% of historical stock returns.<\/p>\n\n\n\n

\u2022 Embrace stock price volatility. When stocks sharply decline, options volatility surges. That\u2019s a great time to sell cash-secured puts on stocks you want to own. We call this \u201ctime arbitrage,\u201d as short-term volatility is monetized for long-term gain.<\/p>\n\n\n\n

\u2022 Simple is best. No one perpetually outfoxes the market. Arrogance is deadly. Be skeptical of complicated strategies with many moving parts.<\/p>\n\n\n\n

\u2022 Focus on risk before reward. Understand why your investment thesis could be wrong. Try to always improve decision-making and trading methods. Remember our Good Investor Rule: Bad investors think of ways to make money. Good investors think of ways to not lose money.<\/p>\n\n\n\n

These thoughts are a foundation for an options-centric approach to stock investing. Move slowly. Think of yourself as a perpetual student of markets. Doubt everything, except the benefit of harnessing volatility and time to pursue your long-term financial<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted January 14, 2026 – Are You Using Options the Right Way? Don\u2019t Fall Into This Trap.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beware of self-proclaimed investing experts.<\/p>\n

A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options\u00a0in pursuit of a wonderful life.<\/p>\n","protected":false},"author":31,"featured_media":185556,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[6,19,8,9,26,3],"tags":[],"contributors-categories":[13583],"class_list":{"0":"post-237502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-options","9":"category-region","10":"category-securities","11":"category-text-articles","12":"category-traders-insight","13":"contributors-categories-barrons"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nAre You Using Options the Right Way? Don\u2019t Fall Into This Trap.<\/title>\n<meta name=\"description\" content=\"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237502\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap. | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options\u00a0in pursuit of a wonderful life.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-23T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-26T10:14:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steven M. Sears\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven M. Sears\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Steven M. Sears\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/0ea65db09e0994754c2de4316c083f30\"\n\t },\n\t \"headline\": \"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap.\",\n\t \"datePublished\": \"2026-01-23T16:00:00+00:00\",\n\t \"dateModified\": \"2026-01-26T10:14:39+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/\"\n\t },\n\t \"wordCount\": 615,\n\t \"commentCount\": 6,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/options-trading-featured-img-1.jpg\",\n\t \"articleSection\": [\n\t \"North America\",\n\t \"Options\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/\",\n\t \"name\": \"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap. | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/options-trading-featured-img-1.jpg\",\n\t \"datePublished\": \"2026-01-23T16:00:00+00:00\",\n\t \"dateModified\": \"2026-01-26T10:14:39+00:00\",\n\t \"description\": \"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options\u00a0in pursuit of a wonderful life.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/are-you-using-options-the-right-way-dont-fall-into-this-trap\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/options-trading-featured-img-1.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/02\\\/options-trading-featured-img-1.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"Zero-Dated Options Are Hot\u2014but Not Hazardous\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/0ea65db09e0994754c2de4316c083f30\",\n\t \"name\": \"Steven M. Sears\",\n\t \"description\": \"Steven M. Sears is the president, chief operating officer and co-founder of Options Solutions. The investment firm uses conservative options strategies to help clients enhance stock returns and reduce risk. Mr. Sears has deep experience in the options industry as an investor, exchange executive, and journalist.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steven-m-sears\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap.","description":"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237502\/","og_locale":"en_US","og_type":"article","og_title":"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap. | IBKR Campus US","og_description":"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options\u00a0in pursuit of a wonderful life.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/","og_site_name":"IBKR Campus US","article_published_time":"2026-01-23T16:00:00+00:00","article_modified_time":"2026-01-26T10:14:39+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","type":"image\/jpeg"}],"author":"Steven M. Sears","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steven M. Sears","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/"},"author":{"name":"Steven M. Sears","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/0ea65db09e0994754c2de4316c083f30"},"headline":"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap.","datePublished":"2026-01-23T16:00:00+00:00","dateModified":"2026-01-26T10:14:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/"},"wordCount":615,"commentCount":6,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","articleSection":["North America","Options","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/","name":"Are You Using Options the Right Way? Don\u2019t Fall Into This Trap. | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","datePublished":"2026-01-23T16:00:00+00:00","dateModified":"2026-01-26T10:14:39+00:00","description":"Beware of self-proclaimed investing experts.A reader reminded us of this when he shared that his closest friend had recently died. The two relished markets and discussing investing. The reader wondered about our take on an investing personality who suffered a big loss trading options\u2014around the same time we published a column about using options\u00a0in pursuit of a wonderful life.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/options\/are-you-using-options-the-right-way-dont-fall-into-this-trap\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","width":1000,"height":563,"caption":"Zero-Dated Options Are Hot\u2014but Not Hazardous"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/0ea65db09e0994754c2de4316c083f30","name":"Steven M. Sears","description":"Steven M. Sears is the president, chief operating officer and co-founder of Options Solutions. The investment firm uses conservative options strategies to help clients enhance stock returns and reduce risk. Mr. Sears has deep experience in the options industry as an investor, exchange executive, and journalist.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steven-m-sears\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/02\/options-trading-featured-img-1.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=237502"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/237502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/185556"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=237502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=237502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=237502"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=237502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}