• Presents Seminar on Straddles and Strangles

CHICAGO, June 4, 2008 — OptionsHouse, Inc. ("OptionsHouse"), an online retail and institutional brokerage firm, today announced that Dan Passarelli, Director of Education, will speak at this year's Optionetics Annual Super-Investing Summit in Santa Clara, Calif.

Passarelli will present "Straddles and Strangles" June 7 at 8:30 am. He will explain this pair of option strategies, including how options traders can trade volatile stocks using these techniques.

"Straddles and strangles are commonly used when a trader believes a stock's price will move but is uncertain of the direction," Passarelli said.  "With a long straddle, the trader will buy a call and a put at the same strike price with the same expiration. Profits grow the farther the stock price moves from the strike price in either direction."

A long "strangle" works much like a straddle, Passarelli said, with a trader buying an out-of-the-money call and an out-of-the-money put. The greater the price swing in the underlying stock, the greater the profits. This strategy is slightly different than a straddle, as the call and put strike prices are different.

Passarelli has more than 15 years of options experience gained as a trader at the Chicago Board Option Exchange (CBOE) and the Chicago Board of Trade (CBOT) and educational instructor at the CBOE's Options Institute.

"I look forward to giving my presentation," Passarelli said. "Many traders are interested in these techniques right now given the volatility in the market."

Optionetics, which is hosting the event, is a leading options trading resource and investment education firm based out of Redwood City, Calif.

To reach Dan Passarelli to discuss strangles and straddles, in addition to a wide variety of option-trading techniques, please feel free to call:

Press Contact

OptionsHouse, LLC
Beth Gaston Moon
312-676-8800
bmoon@peak6.com

About OptionsHouse:
OptionsHouse, LLC, is an online stock and option broker delivering a fast, streamlined trading experience on its professional-grade trading platform, accessible at OptionsHouse.com. OptionsHouse's flat-rate commission structure offers online trading of $9.95 per option trade and $4.95 per stock trade, with no escalating fees, regardless of size.*

In Barron's 2008 survey of Online Brokers, OptionsHouse earned a four-star rating and its innovative platform was ranked number-one for "usability."^** A licensed FINRA broker-dealer, OptionsHouse, LLC was founded in 2005 and is a subsidiary of proprietary option-trading firm, PEAK6 Investments, L.P.

About PEAK6:
Established in 1997, PEAK6 Investments, L.P. ("PEAK6") is a leading financial institution in Chicago with an established track record of success in proprietary trading. PEAK6 is also rapidly expanding its commercial focus to include innovative initiatives in asset management and online media.