Roll Call: Mark and Dan introduce the newest Drill Instructor, John Critchley from SogoTrade. Find out more about SogoTrade, from its philosophy to its commission structure.

Basic Training: What you need to know

• Why should someone trade options?
• What's in it for different levels of traders?
• Will you be able to drive a Maserati tomorrow?
• How options work: the honest breakdown.
• Believe it or not, options can actually reduce risk.
• The negative connotation of derivatives.
• The concept of the multiplier.
• Why trade options?

Mail Call: Giving listeners a chance to steer the discussion.

• Can you exercise options early?
• What happens when options are exercised?
• How options settlement works.
• When is premium credited to an account?