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Part 1 Intraday Institutional Trading for SP:SPX by SkyTradingZone
Moneyness of Options ITM, ATM, OTM based on underlying price. ATM options are most sensitive to price moves. OTM options are cheap but decay fast. Implied Volatility (IV) Measures expected movement. High IV = high premium. IV crush happens after events (e.g., RBI meeting, Fed decision).
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