Daryl Rebeck, The Epitome of Success

Daryl Rebeck can easily be said a successful businessman in Canada today. He has established many successful businesses and hold over 4 million US dollars in public assets at the present. But as we all know, success doesn’t often come over night. It takes time, hard work, dedication and a lot of will power to reach the top.

So how did Daryl Rebeck really reach the top?

Rebeck graduated from the University of Manitoba, Red River College with a Bachelor’s degree in Business Administration. It is from this institution where he learned his basic skills in management and it is here where he nurtured his interest and passion in business.

He stayed with Canaccord Genuity Group Inc for 14 years, from 1999 to November of 2013. He started off as Senior Investment Advisor making his way up to becoming the companies Vice President. These paved way for him to be an expert. He has learned more about the corporate world through his position and by doing his responsibilities and duties for the company. Daryl Rebeck also became a consultant for Cayden Resources for a short span of 11 months from 2013 – 2014.

daryl rebeck

Upon leaving Cayden Resouces, he started to work for Auryn Resources as the Senior Vice President for over 3 years. His assignment here was mainly in Vancouver for the Cnaada Area. He then accepted to become an Advisor to Corporate Finance for the same company at the beginning of 2017 up to the present. This gave him the opportunity to become part of LexaGene as its President. This highly coveted position is indeed perfect for Rebeck. There is no one more deserving for such prestigious position in a well-known and well-respected company other than him. His experiences in managing businesses in different business fields gave him a very broad knowledge and expertise in dealing with different kinds of businesses.

For over 20 years now, Daryl Rebeck was able to establish many successful businesses in different areas in Canada. He did not limit himself to his comfort zone; instead he explored a lot of fields. His daring demeanor gave him the edge in becoming a very successful businessman. By involving himself in many different kinds of businesses, he was able to establish his assets in a practical and successful way. By being in different kinds of businesses, he is able to ensure that a breakdown in one would bring him down.

Currently, Rebeck lives in West Vancouver, British Columbia but often travels vastly within Canada and abroad for business purposes. With his achievements today, we can surely expect to hear more of Daryl Rebeck’s success and achievements in the years to come.

Stock and Options Trading Tips

Day trading options is simply buying and selling options within the same trading day; which means all positions are closed before the market close for the trading day. You’re probably more familiar with day trading stocks. When stock is used as the financial instrument, day traders’ critical decisions are ‘when to buy’ and ‘how much’.‘When to buy’ is usually answered through the use of technical analysis combined with some news. Fundamental analysis is rarely used in day trading because they’re more useful in longer term trading.

‘How much to buy’ is answered through the concept of money management; which is a very important concept every trader must know.

Technical analysis and money management are not covered in this article. If you’re interested in learning more about technical analysis, check out Charles D. Kirkpatrick book Technical Analysis: The Complete Resource for Financial Market Technicians. For money management, I recommend Bennett McDowell’s Trader’s Money Management System; the book is more inclined towards stock/futures traders but can be modified for options as well.

In day trading with options, there are more decisions to be made: Should we use call or put? Which strike price should we use? Which expiration month should we pick? In this article, I will try to answer these questions by giving some general day trading options rules. If we’re bullish on certain stock, we can choose to buy call or sell put options.

Selling options tries to take advantage of time decay, and since in day trading we are opening and closing trades in several minutes to several hours, the time decay will be small if not negligible.In day trading options, we should generally buy option. One exception to this rule is if we are trying to exploit option price discrepancy which particularly happens on expiration day.

The main reason we use option instead of stock is because we want leverage. Other than that, we’d like the option to behave like stock. Hence, we are going to use ‘delta’ to select our strike price.Delta measures the change of option price with respect to underlying stock price. The delta of an option is always between -1.00 and 1.00.

A delta of 0.7 means that for each one dollar increase in the underlying stock, the option price will increase by seventy cents.

Day trading options strategies usually tries to profit from stock price movement. Hence, the general rule is to select strike price which has the absolute delta value as high as possible. My personal preference is to select strike price that has absolute delta value between 0.7 and 0.85. That means 0.7 to 0.85 for calls and -0.7 to -0.85 for puts. I would occasionally go with absolute delta of 0.65, but never below 0.6.

Expiration Month

stock trading

When buying options, the general rule is to never buy front month expiration (the closest option to expire). This is because option is a wasting asset; and front month options loses value faster than back month options. In day trading options, this rule can be applied more loosely. This is because in day trading options, we are in and out of our trading only in several minutes to several hours. Hence the time value decay will be very small.

My personal preference is to go with the front month if it has more than 20 days to expiration, otherwise I will go with the back month. One exception is when company is releasing its earnings report or on expiration day; be very careful on these days. To summarize, our general day trading options rules are:When bullish, buy call. When bearish, buy put. Do not sell call or put when day trading unless you want to exploit option price discrepancy on expiration day.

If you are, check out Jeff Augen’s book above. Select strike price of the option that has absolute delta value between 0.7 and 0.85. Do not go with less than 0.6 unless you know what you are doing. Note that some broker quote the delta value in hundreds; if that’s the case then find the delta between 70 and 85. Go with the front month if it has more than 20 days until expiration, otherwise go with the back month option. Be very careful on earnings day or expiration day.

One thing you need to consider is day trading will take up a lot of your time; you might spend hours in front of your computer screen staring at charts and indicators. If you don’t have the time to spend hours in front of your screen, then day trading options is probably not for you.