Mark Wolfinger

Mark Wolfinger

Mark D. Wolfinger grew up in Brooklyn and holds a Bachelor of Science from Brooklyn College and a PhD in chemistry from Northwestern University. After seven years as a research chemist, in 1976, he packed his belongings, left his career behind and headed to Chicago to become a market maker on the trading floor of the Chicago Board Options Exchange (CBOE).

Over the next 23 years, he worked primarily as a floor trader and also held a variety of positions in the industry, including risk manager, and coach for new market makers. When he left the trading floor in 2000, he began to help educate investors on how to use options.

He has published three books and numerous magazine articles. As an educator, he stresses the conservative methods detailed in his newest book, The Rookie’s Guide to Options. He is one of five option writers who founded a new online magazine devoted exclusively to options, Expiring Monthly: The Option Trader’s Journal.

He currently resides in Evanston, Ill., with his life partner, Penny.

Mark also writes a blog called Options for Rookies where comments and questions are welcome.

Recent Articles

Writing Covered Calls: Getting Started

Covered call writing is one of those 'too good to be true' option strategies, but when you don't understand options very well, it can be overly seductive.

Join the Options Trading Club

If you want help getting started with options, here is a creative technique to help you learn the ropes.

Why Options and Stop Losses Don’t Mix

You may think you're being prudent by using stop-loss order or buy-stop orders when trading options, but they're not a good idea.

An Option Strategy for Those Who Can’t Afford to Lose

All trading comes with some degree of risk, but if minimizing your losses is your top priority, we have just the strategy for you.

Risk Management for Option Traders

Wrong! Just because you are making money now, does not mean you are going to succeed. Learn more.