Several Streams of Income

When you learn how to read volume and open interest to determine if you should or shouldn't purchase an options contract, it will allow you to take your options game to a truly other level!

This episode is based on the times that you shouldn't just go ahead and buy whatever the market says!

When you use the spreads and the bid and ask sides to read into the flow you will unlock the side of analyzing options that will start to yield big results in your day trading strategies. 

Reading Implied Volatility is a trait that will allow you see breakouts from fake outs, and ultimately help you in reading you're flow better. 

A quick breakdown and a guide for those who want to get started with options and how to analyze the unusual options activity for people who will spend money on the tools, and for people who don't have the money to invest in that type of stuff just yet!

A sweet overview on how you can read unusual options activity from a BIRDEYE perspective!

What exactly is implied volatile and why is it important for me to be aware of this when doing an options trade? 

The most important thing is to stay awesome in your trading and prevent foam by people showing you what they got when they got in EARLY. IV Crush is what happens when you FOMO into a particular stock and you try to capture gains simply because someone else is in that same stock, and TRUST it isn't worth it.

Basic options terms just so that way we can get this out of the way and continue to go ahead with using these terms to make it very was for all of us to be on the same page moving forward as I will start to integrate and increase my usage of these words a lot more as we dive into more advanced topics. 

Gamma is best understood as a derivative of delta, it allows you to see how Delta will change with the change of the underlying in the stock, how the underlying will change as the stock moves either or down and the gamma will be either added or subtracted from the option's delta price.