One primary reason why option traders fail is the inability to fully understand and appreciate the many different types of risks to which they are exposed when they enter into an option strategy. Much of a trader’s initial education involves learning about these risks and their characteristics. And once he begins to trade he must be able to analyze, quantify, and interpret these risks.

OptionScape is a unique aid in helping a trader achieve these goals and thereby overcoming the obstacles to successful trading. OptionScape enables a trader to quickly see the risks to which he is exposed, not only under current market conditions, but also under a wide variety of changing conditions related to the underlying price, volatility, and time. Moreover, Optionscape can be an indispensable aid for an instructor in helping students understand the many aspects of option evaluation and risk management.

OptionScape is an invaluable tool for both new and experienced traders in identifying risk. Whether the strategy is simple, consisting of only a limited number of contracts, or complex, consisting of a broad range of contracts, OptionScape enables the user to see beforehand what changes will both help and hurt an option position, and the degree to which these changes will affect the position. Only through such analysis can a trader plan ahead, taking steps to limit losses when conditions move against him, or to maximize profits when conditions develop in his favor.

OptionScape is made up of Industry executives who have been in the derivatives training space both from managing options related firms, technology and global training. We have the resources in place to identify the best derivatives training experts from around the world who know the risk management and strategy modeling tools which is what is behind OptionScape.

Our colleague, John Dempsey, has over 35 years working with new and experienced traders from over 20 countries on six continents. Should you want to  ask John about the power of OptionScape please reach out through our website

The DePaul University Department of Finance is committed to providing students with the skills and tools that are necessary to be successful in the Finance industry. This commitment is manifested at both the graduate and undergraduate level through the Arditti  Center for Risk Management whose mission is to promote excellence in the education, research, and practice of risk management.

There are two graduate programs devoted to preparing the students for careers in Finance: the Masters of Science in Enterprise Risk Management, and the Master of Science in Computational Finance. At the undergraduate level, the Actuarial Science Program prepares students for careers as actuaries, and provides them with the opportunity to develop the skills necessary to be become enterprise risk managers.

In the wake of the financial crisis, interest and concern over risk management are at an all-time high. Traditional areas of financial risk management—stress-testing, capital markets, risk appetites and risk profiles—are being re-evaluated and given new importance not only through regulation and internal company strategies, but also through a wider societal unease. Threats like cyber-security penetrate every category of risk—strategic, operational, and financial—and require risk officers to be knowledgeable in a wide variety of disciplines. The Master of Science in Enterprise Risk Management degree (MSERM) provides students with the tools necessary to identify and manage the strategic, operational, cyber, and financial risks facing a firm. Graduates of the MSERM program are well equipped to deal proactively with these major risks and protect the value of the enterprise for the stakeholders.

The Master of Science in Computational Finance offers students the opportunity to acquire both the theoretical understanding and the ability to practically implement mathematical financial models. This program differs from a regular MS in Finance because of a stronger mathematical component and the addition of an intensive computational component. The program aims to produce graduates with the required qualifications to become “quantitative financial analysts”.

All of these programs rely on a thorough understanding of financial derivative instruments and how they affect portfolios. The OptionScape software is a key component of the graduate and undergraduate derivatives pricing courses that prepare the students to use financial derivatives as risk management tools. [emphasis added]
OptionScape is proud to be an Academic Partner with the Arditti Center for Risk Management

Dan Gramza is President of Gramza Capital Management, Inc. and DMG Advisors, LLC. He is a trader, consultant to domestic and international clients, an advisor to hedge funds and is a developer of ETF securities.
Dan has published works in Australia, Europe, Japan, Singapore and the United States and is completing "Trading in the Eye of the Storm" and "The Handbook of Japanese Candle Trading Strategies". He has appeared on CNN's "Moneyline" program, Reuters TV, Bloomberg TV, ROB TV Canada, TVN 24 Poland, Intereconomial TV Spain, WCIU-TV Chicago and as a market analyst for CME Group and has been quoted in The Wall Street Journal, Chicago Tribune, SFO Magazine, Futures Magazine, Stocks & Commodities Magazine, Traders Edge Magazine, Traders’ Magazine, Traders Journal and numerous other media outlets around the world.

Dan develops and presents worldwide public and private courses on Essential Mental Techniques for Traders, Japanese Candle Analysis, Market Profile, technical analysis, options and options trading strategies, stock and futures industry fundamentals and operations, and Series 3 exam preparation. He has presented courses to traders from over 36 exchanges, 450 institutions, and 35 countries. Dan is an adjunct instructor for the CME Group, Eurex, SGX, Northwestern University School of Continuing Studies, Université de Genève, the Chicago Stock Exchange, DePaul University, and a former adjunct faculty member of the Illinois Institute of Technology's Master program in Financial Markets and Trading.

Stefan Toetzke studierte Ende der 80er Jahre an der Universität Hamburg bei Prof. Dr. Hartmut Schmidt und erwarb dort sein Rüstzeug über Derivate (an dieser Stelle einen ausdrücklichen Dank an den Professor für die damalige Schule).
Er war am Aufbau des Optionshandels der DG Bank für die Deutsche Terminbörse beteiligt.

1989 gründete er mit Partnern ein Ausbildungsunternehmen im Bereich Derivate, aus dem sich später mmFinance entwickelte. Stefan Toetzke hielt Anfang der 90er die ersten Fachschulungen für die Deutsche Terminbörse (Eurex).

In den 90ern folgten die fachliche Ausweitung auf alle Einsatzgebiete von Derivaten, die Projektierung und Erstellung von eLearning-Programmen (CBTs, WBTs) sowie Tools für Börsen und Banken (Deutsche Börse, Deutsche Bank, Dresdner Bank, u.v.m.).

Randall Liss is a long-time, seasoned veteran of the exchange-traded options industry. Mr Liss helped found the European Options Exchange in Amsterdam, an elected member of the Board of Directors, a long-time member of the Business Conduct Committee and a co-founder of The Market-Makers Association.  He ran a market-making operation for a large Dutch bank and also managed his own market-making firm.

Since 2006 Mr Liss has devoted his energy to educating and mentoring traders, investment clubs, individuals and institutions using his own proprietary curriculum, The Theory and Working Method of Trading Options.

Randall has lectured in Amsterdam, Brussels, Paris, London, Tel Aviv, Jerusalem, New York and Chicago on a variety of investment and derivative strategies. He is also an on-camera options analyst for Bloomberg TV and the Business News Network.

At OptionScape we provide fully serviced IT facilities for trader educators.

All educators have their own space that can be as isolated from - or as integrated with - the rest of the site as they wish.

Within their space educators receive:

  • A professional course management system that is in use by over 68,000 training institutions worldwide. It includes
    • course material management
    • online tests and exams facilities
    • student management database
    • teacher management database
    • statistics and reporting facilities to course and school management
    • online enrollment facilities
Correct use of OptionScape can eliminate the uncalculated risk of option trading.  That can result in:
  • Lower drop-out rate of newcomers as more students preserve their capital and keep on trading.
  • Lower costs of acquiring new students
    • More students return to take further courses with their trusted educator
    • Word of mouth (on blog sites) carries more success stories, therefore less advertising may be necessary to achieve growth and repeat business.
  • A revival of options as traders’ choice of instrument as they are demystified by OptionScape’s new technology
    • More demand for training
    • Higher traded volume for options

If you are experiencing added benefits not listed here, please let us know.


Dan Passarelli is an author, trader and former member of the Chicago Board Options Exchange (CBOE) and CME Group. Dan has written two books on options trading — “Trading Option Greeks” and “The Market Taker’s Edge.” He is also the founder and CEO of Market Taker Mentoring, Inc., a leading options education firm that provides online options education, options newsletters and personalized, one-on-one coaching for option traders.

The company website is

Dan began his trading career on the floor of the CBOE as an equity options market maker. He also traded agricultural options and futures on the floor of the Chicago Board of Trade (now part of CME Group).

Dan Keegan is a thirty-eight year veteran of the options industry. Dan started out as a runner at the Chicago Board Options Exchange (CBOE) in 1978. He worked as a crowd clerk, phone clerk and floor broker for A.G. Becker. Dan became a market-maker in 1984 with the backing of legendary adventurer Steve Fossett. Dan traded equity options in various trading crowds for twenty years. Dan also was a local on the Chicago Board of Trade (CBOT) in 2004-2005, trading options on Ag futures.