Rick Orford

Rick Orford

Rick is a Wall Street Journal best-selling author, and with over two decades of experience, he's a personal finance expert focusing on investing, equities analysis, and options trading. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is business, and he works tirelessly to deliver content in an easy-to-understand manner. Rick started his career very young. In 2004, he started a web marketing agency, which was acquired in 2007. Then, he and his partner, Andrea, became pioneers in the telecom VoIP industry by offering a business phone service that would work from anywhere. The business experienced triple-digit growth, having assisted clients of all types, including Fortune 100 companies. Between 2009 and 2015, Rick was elected to the board of directors at GVCCU, responsible for a portfolio exceeding 200M. Being on the board of directors gave Rick inside knowledge of the mortgage and lending business! In 2012-2013, Rick became involved in several strategic acquisitions in the telecom industry that helped add significant value to his company, which was acquired in 2014. In 2018, Rick wrote The Financially Independent Millennial to inspire his readers with his story about becoming financially independent at age 35 despite not learning about money when he was younger. His books are easy to read and often refer to key points that “He would tell his younger self.” When not thinking about business, Rick writes (mainly about cruise ship travel) for his travel blog and is an enthusiast of fast cars, technology, and cooking.

LATEST ARTICLE

  • Iron Condor Vs Strangle

    Iron Condor Vs Strangle

    Introduction To Iron Condor And Strangle Options Strategies Iron Condor and Strangle are two popular options trading strategies employed by experienced investors seeking to profit from market volatility. Both strategies involve the simultaneous purchase and sale of multiple options contracts, offering potential gains regardless of whether the market moves up or down. An Iron Condor…


  • Understanding Options Greeks: Delta, Gamma, Vega, Theta, and Rho

    Options Greeks are a set of mathematical calculations that help investors understand how various factors influence option value. These factors provide valuable insights into the risk and potential profitability of options trading and are an essential part of any options trading strategy. The term “Greeks” refers to a collection of variables used to measure and…


  • What Are Intrinsic Value And Extrinsic Values in Options Trading?

    What Are Intrinsic Value And Extrinsic Values in Options Trading?

    Options trading has a few similarities with regular stock trading but has several unique technical values and indicators. Traders dipping their toes in the derivative may encounter new terms, like intrinsic and extrinsic value. This article will illuminate what these terms mean and how they can impact your options trading experience.  Intrinsic Value vs. Extrinsic…


  • The Importance of Implied Volatility In Options Trading

    Newbies might have heard the term “implied volatility” thrown around when they’re first learning about options trading, and some of them might understandably be confused as to what is being referred to. In this article, we’ll tackle implied volatility (IV), and how it impacts option trading. What is Implied Volatility? Implied volatility represents the market’s…


  • Understanding Option Greeks: Delta, Gamma, Vega, Theta, and Rho

    Understanding Option Greeks: Delta, Gamma, Vega, Theta, and Rho

    Option Greeks are a set of mathematical calculations that help investors understand how various factors influence option value. These factors provide valuable insights into the risk and potential profitability of options trading.  The term “Greeks” refers to a collection of variables used to measure and quantify different aspects of options. Each Greek represents a specific risk…


  • How To Roll Covered Call Positions – The Right Way

    There are a few option strategies for every occasion. For example, covered calls involve selling options on stocks you already own, and generating income from the options by way of the premiums received. This strategy allows investors to earn additional income while potentially limiting their downside risk. However, as markets are dynamic and stock prices…