The fun thing about trading options is the way that they can deliver exponential gains. When you trade options you profit if the underlying asset goes up and you MAY lose money if the underlying stock moves lower…
That's because you don't own the actual underlying asset. And one of the best ways to profitably trade options is by reviewing the open interest, which shows all open options contracts that are available for exercise that have not been closed out.
Not sure what open interest is? Or maybe you do, but you're not utilizing it correctly?
If you're missing this, it could be costing you hundreds of dollars a day...
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