On Tuesday, I gave you an in-depth look at Delta, a major component of options pricing that can tell you how much your option will move in relation to moves in the stock price.
But there are a few more “Greeks” you’ll need to get to know if you want to be a successful options trader.
If you’ve been with me for a while, then you know that volatility has a huge impact on options pricing, but we haven’t really covered the mechanics of how that happens, or what it means for your money.
Understanding today’s lesson is crucial – I’m going to show you how to find stocks with a chance to make big moves… and how to identify potentially lucrative options plays to profit on those moves.
We’re going to explore in detail the Greek that measures changes of an option’s value based on how much the Implied Volatility (IV) on the underlying security changes.
Let’s take a look…
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