 Hey traders, this is T Bradley 90 from the my investing club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and identify high-paying setups in just 30 days There will be limited seating every week so register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up All right guys We have a very special video for you guys this week as our options basic series episode 4 is ready and While today is just a preview of the full length video If you want to watch the full length or any of our exclusive content then become an MIC member. Hello, MIC members This is John aka wildlife in MIC chat back for our fourth episode of options basics Just wanted to say thanks to the people that reached out or provide some comments on the first few videos All of them were extremely positive. So I'm gonna continue to make content as long as people are willing to spend the time to listen to the videos and Learn something. So I just say want to say thanks and again if there's anything specific That the you didn't understand or have questions on that you want us to discuss or want me to discuss in one of the videos Please DM me Any questions more than happy to help in any way that I can so we'll just continue on Real quick. We've talked about in the past. We talked about Options obviously, but what calls and puts are we talked about option premiums kind of how that's Derived the big factors. We talked about expiration dates Option strings and naming conventions. We talked about as option traders what our edge is and so is known as pretty much aka implied volatility We talked about ticker Vicks how We as option traders Want to pay attention to this and kind of at what levels there that we kind of get a little more interested in And then we talked about how important Implied volatility rank is not so we did talk about implied volatility kind of what that means But how important I implied volatility rank is as it puts Relativity to the current levels of implied volatility. So the next part we're gonna go over is the Greeks and I'm not talking about any characters from the the Big Fat Greek Wedding movies or any of those or Greek mythology. So those might be a little more interesting than what we're gonna discuss But nonetheless, they're the Greeks are some important parts of you know options and Just a quick basic Rundown is what I plan on doing. There's a couple that I use a lot more than the others So I'm gonna focus more on those so Delta and Theta are the two that I think Just personally how what I used to kind of in my option trading more than the other ones the Gamma Theta or excuse me Vega in row. So those are the those are the The Greeks so we're gonna go through each one real quick and we'll just start off with Delta. So Delta is A number that measures how much the theoretical value of the option will change if the underlying stock moves up or down a dollar and The key part with this one is all things have to remain equal because Because obviously option premium a big piece of it is implied volatility So if the implied volatility stays the same what this Delta is taking is measuring is if the stock moves up a dollar You know what what the option price should move? You know towards so we're gonna go down into an example down here So we'll take a you know, then we can kind of put it into mathematical visual Terms so we can kind of see where we're at So another thing at the money options Delta's are always close to 50 and so I'm gonna open up my option string I'm gonna go jump in the November so they're 45 days out to expiration on the day that I'm recording this So I'm gonna click on that. So here's my in the money out of the money line that tasty works For those of you who have watched the other videos knows this is the platform that I used to kind of Get some great information ID rank and some, you know visual the I use a table view It's just easier for me to look at real quickly But you can see right at the money these delta. So here's the here's the delta column right here See 53 for this one. That's 95 51 or 0.51. I'm just saying 0.47 0.49 so these are right around 50 right here around that line that's what this is illustrating and so The more in the money the option is the closer the Delta is to one and that would be on the call side because Calls always have positive deltas, right? And then on the put side puts always have negative deltas So what will what I'll do real quick is I'll scroll up so you can see these numbers are slowly going up Going up going up getting closer to one getting closer to one it doesn't get to one because Stock has a delta of exactly one. So you can see, you know 140 call 47 days out as the 99 these are all 99s But you can see if you add the two prices together you get pretty darn close and we'll do that real quick So bring my calculator in So 140 plus, you know, it's 150. We'll just you know, even if we did the 155 155 point 95 So it's basically it's saying 295 95. That's pretty much You know right around it even if you if you split the difference you'd be right at the the current price So this this call right here is gonna and majority of these are gonna act like long stock So same would be true with the puts the higher you go So these these puts are in the money because they're above the strike price So anything in this Delta you can see 99 is gonna act like a short Your short a hundred shares of spy. So that's kind of how you look at the Delta so when So the example we gave so stock XYZ has a 20 call $20 call has a 50 Delta and is trading at $2. That's the awesome premium. Okay Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about M. I see joining M. I see maybe you're a member already You have three ways to contact myself personally and through M. I see you can hit our social media You can hit me through pms in chat or you can contact us through my email at Tosh at my investing club comm That's TOS H at my investing club comm I will get back to you in a timely manner And I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any Question that they have we are here for you guys. All right. See you guys