John Olagues

John Olagues is the owner and principal consultant for Truth IN Options and a recognized authority on listed and employee stock options.

After graduating from Tulane University (where he captained the baseball team and set many of Tulane's pitching records), John applied his B.A. in mathematics and his competitive spirit to the real world of stock options.

In 1976, John became a member of the Pacific Stock Exchange in San Francisco trading and managing options positions in scores of different stocks. John joined with Blair Hull to create Options Research, the first service to provide theoretical options values to market-makers and to the general public. In 1980, he became a member of the CBOE, where he personally traded more options in more diverse situations than any other trader.

Ray Wollney

Ray Wollney graduated from Loyola University with a B.A. degree in economics.  He spent several years as a stock broker with two of the major Wall Street Firms.

Ray began his options trading career in 1978 when he became a member of the Pacific Stock Exchange in San Francisco.  He spent four highly successful years trading as a market maker for his own account on the options floor.  In 1982 he became a member of the CBOE where he continued his market making activities trading stock and index options in virtually every conceivable situation possible.

why TRUTH IN OPTIONS

The proliferation of employee stock options has given rise to a keen interest in how to value and and manage those options. Employees and executives rarely understand how to manage those options efficiently. TRUTH IN OPTIONS promotes a simple principle. DO NOT EXERCISE THE OPTIONS TOO EARLY. If you want to reduce risk, or to secure profits, hedge by writing listed calls.

TRUTH IN OPTIONS has developed a simple solution to the management question. We call it the 7% solution. Instead of forfeiting part of the options value, we capture 100% of the options value and get the best tax treatment..

Avoid options consultants and advisors who have no experience in trading or managing listed options portfolios or who advise systematic premature exercises as an exit strategy. These strategies forfeit part of the option's value and cause early tax liability.