Quote:
Originally Posted by dreamerdfdf
Do you mind explaining how options work in simple terms to a non-finance person?
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Watch this:
https://www.youtube.com/watch?v=SD7sw0bf1ms&t=2389s
This is a good video that will give you a better understanding of options. You will learn about IV and how that impacts the price of the options.
Also never ever buy a short term option during earnings week. IV is usually flat and you will lose on the option if the options expires around that time.