BEFORE Trading Options Learn The Greeks | Options Trading For Beginners

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In this video we will break down The Greeks!
These Greeks include delta, gamma, vega, and theta and rho. These show a measure of the sensitivity of an option's value according to certain market conditions. The Greeks can seem intimidating if you are new to option trading, but I will break it down nice and easy.
Delta measures how much an option's value is expected to change in a $1 change in the share price of the underlying stock.
Gamma measures the rate of change in an option’s Delta in a $1 change in the price of the underlying stocks share price.
Theta measures the change in the price of an options value for a one-day decrease in its time to expiration. This is time value and how much an options value will change after one day.
Vega measures the rate of change in an option’s value in a 1% change in the implied volatility of the underlying stock. FUN FACT.. Vega is not actually a Greek Letter.
Rho measures the expected change in an option’s value with a 1% point change in interest rates. It tells you how much the price of an option value should rise or fall if the risk-free interest rate (U.S. Treasury-bills) increases or decreases.
Enjoy The Video
Cheers
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DISCLAIMER: The content discussed in these videos are solely my opinion and should never be used as financial advice. This channel is for entertainment purposes only. Make sure to consult with a professional before making money decisions. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission; all of which helps grow the channel! Thank you for your support!

[@BradFinn]

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[@jeffreyeidelman2698]

I trade a lot of options and understand the Greeks. Sometimes I watch these videos just because people don’t know what they’re talking about, but that’s not the case here… Good video

[@MyPrescriptions]

How is trading options going for you? The profits??

[@ericwilkinson1672]

*Delta is the Probability of being In-The -Money AT EXPIRATION. Not during the life of the Option Contract..

[@jeffreyeidelman2698]

@@ericwilkinson1672 Huh? Who is talking about Delta? Yeah, you can use it as a probability but it’s actually the rate of change for every dollar in the underlining. Gamma influences delta. The closer you get to expiration the more gamma messes with Delta.

[@jeffreyeidelman2698]

@@MyPrescriptions yeah, I’ve been profitable trading options but there’s a lot of lessons you need to learn. Like buy options with low volatility and sell them with high volatility, close spreads at 50% because its almost impossible to roll for a credit, etc. And I’m still learning… For instance, I like to buy leaps, deep in the money and far out in time and then sell covered calls against them to reduce my cost basis. But if you go to deep and too far out there may not be a market, so you have to be careful not to get screwed by the market makers… And of course, only trade options in highly liquid stocks.

[@ericwilkinson1672]

@@jeffreyeidelman2698 5:19

[@MD-cu8tt]

this is one of the best "lecture" to explain the options . people pay hundreds to learn these topics , thank you Keep going please PEACE

[@BradFinn]

Thank you so much for the kind words. Please share with others looking to learn

[@jamjam5158]

Holly bucket you are awesome!

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Wow - Grateful .

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Absolutely agree! Thank you so much!

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@@BradFinn 100% this cleara alot of fog for me

[@dirtybird311]

Every single options trader needs to watch this. I’m sending it out to all my buddies that are trading options. Home Run!!!

[@BradFinn]

Cheers Jason. Thank you for sharing.

[@loveyfirstthing843]

You are the only one who has explained the Greeks in the way that I have finally understood. Thank you!

[@BradFinn]

You're very welcome!

[@noonaleon]

This is the first time I've heard such an easy breakdown of the Greeks. Awesome video.

[@BradFinn]

Glad you liked it!

[@avo7007]

The best explanation of the Greeks on KZbin. Well done.

[@BradFinn]

Thank you so much for the kind words. Please share with someone else who is learning

[@bobbartholomew85364]

Thanks Brad - Finally was able to wrap my head around "The Greeks"

[@BradFinn]

Right on!

[@davesaunders59]

This is the best explanation of The Greeks I’ve found. Please don’t ever remove this video 😊

[@BradFinn]

Wow, thank you!

[@surefireoptions4187]

I love the Greeks and they are a nice shortcut (so to speak) to help you build a trade, but I always like to run spreadsheets on any strategy using hard data myself to really assess the performance of any trading plan before pulling the trigger and opening a position, great video!

[@lyricssong7151]

How important would you say a high delta is to knowing if that trade will go your way or not?

[@robjoseph1]

Nice work, Brad. You just saved me $150,000 for an MBA from UChicago. Love it!

[@BradFinn]

Fantastic! Glad to help!

[@nigellawrence7173]

Love the vid

[@specfsr]

Ive watched several videos on "the Greeks" and have struggled to understand how they applied to my options trading. This video is the best, and most practical explanation I've ever come across. This is a game changer for me! Thank you! Sincerely, thank you

[@BradFinn]

Thank you so much for the kind words! Please share it with others that are learning!

[@tuckncrypto500]

By far best options tutorial I've come across! Excellent! Thank you

[@BradFinn]

No thank you! Taking the time to leave a comment means a lot to me

[@floydwilliamsiii1993]

I never waste time commenting on videos whether they were helpful or not. THIS WAS EXTREMELY HELPFUL AND EDUCATIONAL. For a beginner, its easy to understand and digest. THANK YOU!

[@BradFinn]

Thank you so much for the kind words

[@aaronmcentire2862]

Dude, this video was amazing! I've been trying to learn my own lessons by essentially losing money, but this showed me so much!! You're crushing it in these videos and I'll be following along and continuing to learn exponentially!!

[@BradFinn]

Cheers Aaron! Thank you!

[@coachhardimanfitness3881]

By far the BEST explanation of the Greeks I’ve ever seen on KZbin. I appreciate the presentation!

[@BradFinn]

Cheers man! Thanks for the kind words. Please share

[@iraqiboy]

Ladys and gents , this is how option is explained! Hands on with very detailed info. I usually use option calculator and have read so much but nothing close to this fella. Thank man !

[@BradFinn]

Thank you so much for the kind words. Please share it with someone else who is learning!

[@ThePepperfly]

@10:05... thank you for explaining Theta. In my six short months as an options seller, I have been so wrapped around the axle over understanding the importance of extrinsic value that it has kept me up at night. Everywhere I turn to learn about it all I get is a definition, but not a deep enough understanding of the importance and effects. Let's see... it's the difference between the market price of an option (premium) and its intrinsic price; there's more of it when there's more time and higher volatility; it's the opposite of the inherent worth of an option, which is intrinsic value. And let's not forget to bolt on the caveat, and let's punctuate it in latin because even though it explains nothing more it just sounds smarter: "ceteris paribus." Like you said @11:57, we know that by the expiration of an option contract the price of the underlying will be different, and probably so will the volatility. So, forget about "all things being equal." OMG, thank you for saying that!! But what does extrinsic value tell us now about the future before we get there? Is it simply the premium we can make on the underlying today as a reward for taking the risk of holding the option through time and volatility changes? What are we looking for in regards to extrinsic value and/or theta? What do we need to keep track of as far as extrinsic value and/or theta is concerned now and through the life of the option contract, either as options sellers or buyers? For theta, bigger is better? And what does that number look like at the opening of a trade, e.g., the deciding factor (similar to your recommended >=30 delta benchmark for an option seller)? I've just found your channel today and have subscribed to it and will search through your vids in hopes to find a deeper understanding that you have shared. Else, perhaps it could be a much-needed topic or deeper dive for a future vid. Thanks for this vid!

[@GoHardGreg]

This is the first time I discovered your content and man I’m so glad I did! One of the easiest to understand video I’ve ever seen on options-Greeks 🙏🏼☝🏻🍻

[@BradFinn]

Cheers. Thank you

[@mendenstien]

This is the best Greeks video I have watched. I have been trading options for about a 2 months and studying for 6. I wish I found your videos sooner! Probably would have saved me a couple grand! Thanks again!

[@BradFinn]

Best of luck!

[@dp6951]

This is probably one of the best video I've seen explaining Greeks. It's very straightforward and simple for easy understanding. Thank you very much. I do greatly appreciate it

[@BradFinn]

Glad it was helpful!

[@StratademiX]

I was just in one of my groups a couple days ago mentioning that I did not fully understand the true meaning behind the Greeks. I know the basics for them but still struggled with applying them. You hit them all right on the nail and I thank you for this great explanation. You have earned another subscriber from just this one video. Thanks man!

[@BradFinn]

Youre very welcome. Thank you for watching!

[@3wetpaint]

this has been the best video i've seen on yt on understanding greeks and options.. really appreciate how you break things down!

[@BradFinn]

Thanks Ryan. I appreciate the kind words. Please share with somebody else that is learning

[@Rob.Martin]

By far the clearest explanation of the Greeks I have come across. Made especially clear by the examples you provided.

[@BradFinn]

Thank you so much for the awesome feedback. Please share with others who are learning.

[@victormelchor6601]

Brother thank you for explaining this to me, I will look at all of your videos this weekend just so I can start the week off with all your info!! Thanks once again and keep up the great work!

[@BradFinn]

Thank you so much for the kind words cheers

[@colorfunch]

This is the best explanation I have watched so far! Thanks!

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I had to subscribe and click the bell. This was so easily digestible i love it

[@BradFinn]

Thank you

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Your teaching style, tempo, all good. I listen to you on my way to work now. Keep it up bro, you are making a difference. Thank you.

[@BradFinn]

I appreciate that!

[@hursttactical4708]

This video helped me tremendously! I’m a fairly experienced options trader but never really have relied on the Greeks at all but still have had great success, but this will no doubt catapult me to safer option trades on weekly contracts for sure! Thanks a million! 👊🏼

[@BradFinn]

thank you for the awesome feedback! Cheers!

[@LuisManuel30096]

"Stay positive. Work really, really hard." Awesome quote!

[@BradFinn]

Thank you. Words my father lived by

[@Lavishcoconut]

Damn dude thanks for the info! Very straight forward and simple! 🔥Deff got a full grasp of what you’re saying! Haven’t traded options yet but feeling more confident when I get in there

[@BradFinn]

Cheers. Thanks will

[@mistercat141]

Love this simple and not over overcomplicated by many similar options lesson video out there..

[@BradFinn]

Thank you for the kind words

[@someguy5920]

Fantastic explanation. There's enough clear and concise info here for a beginner (me) to dip my toe in the shallow end of the Options pool, for the first time ever, and have a much greater chance of not losing my shirt. Thank you, Brad Finn!

[@BradFinn]

Thank you so much for the kind words and the feedback. Cheers!

[@JBDeJulio]

First vid I’ve watched on the Greeks and fully understood the lesson. Thank you so much!

[@BradFinn]

Happy to hear that!

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I took a couple finance courses in college and was seriously lost. So lost that I changed my major. This is my 5th video I've watched from your channel, and you explain everything clearly and simple. You have another sub.

[@BradFinn]

Thank you so much for the kind words and feedback. Please share it with others looking to learn. See you on the next one!

[@saccanana]

Very few people explain Greeks the way you do. The technical definitions mean nothing to most people. How to interpret and apply them meanigfully is the key. You have done a good job. Thanks.

[@BradFinn]

Thank you so much. Please share with others who are learning

[@chrisbergeron5625]

Wow! 🤯 Thank you so much Brad. 👍 An information packed video that should be viewed more than once. At the money, short dated calls are like sparklers for grown-ups!!!

[@BradFinn]

Cheers

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great video , your one of the few people that understands the greeks, and you explained it good. Great quality videos

[@BradFinn]

I appreciate that!

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Thank you Finn! This isn't the last time I'll be watching this video. Thanks a ton for sharing man!!

[@BradFinn]

You’re very welcome

[@joonpak]

Found this really helpful in understanding how the Greeks affect the options pricing/risk. Still learning but a great foundation here. Thank you!

[@BradFinn]

You welcome

[@jasonparker5746]

Very comprehensive explanation of the greeks. Thank you, and well done!

[@BradFinn]

Many thanks!

[@sionemataele8682]

Hey Brad, I'm a new investor trying to figure all this out. I really appreciate this video. Clear, cut and to simple. Thank you.

[@BradFinn]

Youre welcome!

[@slesheiamichelle]

Best Options Video I have Seen!! You really broke it down for people to interpret and understand on a beginners level.. Much luv and Blessings to you:)

[@BradFinn]

I appreciate that!

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Bruh - this is the most fabulous explanation I've seen thus far !!@ Subscribed- thank you so much- nee trader here . Wish I learned this years ago

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Terrific video. Practical info using Greeks in options!

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Five minutes in .... subscribing. This is great content.

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Ultimate life hack- a teacher who loves to teach about investing! Here’s to ten million subscribers a year from now!

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I’m sending Brad’s Channel to everyone I know, once I find out they trade options. I’m on a crusade to get the word of Brad out to everyone! 😁

[@BradFinn]

Youre the man Jason! Thank you so much Rebeccas. I hope we get to 10,000,00 together!

[@juliolopez7914]

This Video was EXTREMELY helpful and very well broken down. This is the first time I understand The Greeks better. I will watch it again to get a better grasp.

[@BradFinn]

Awesome! Thank you so much for your support!

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@@BradFinn Do you offer one on one coaching/mentoring? If so, what are your prices, may I get some details please

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Yes.. it is an amazing presentation of the Greeks and so so so very well explained! Thanks bud

[@BradFinn]

My pleasure!

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Great video on options! I have been studying this topic for a few days now and this is one of the best videos out there!

[@BradFinn]

Thank you so much. Please share it with someone else who is learning

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Another perfect teaching on Greeks ..straight to the point!!! Am a new subscriber!!!!!

[@BradFinn]

Welcome

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By far the best video I’ve ever seen on the Greeks. Thank you. Just subscribed and will learn Options on your channel.

[@BradFinn]

Awesome, thank you!

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Fantastic presentation. Thank you !!!

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[@BradFinn]

Cheers. Thank you

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This is the best video I’ve found, definitely a guide for dummies. Thank you

[@BradFinn]

Thank yiu

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This is the best explanation I've heard so far on the Greeks. Thanks Brad!

[@BradFinn]

Thank you Lyna. Cheers

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Thank you so much for breaking this down for us. Great videos!!!

[@BradFinn]

Thank you for watching

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One of the best explanation of options greeks. Thanks for sharing!

[@BradFinn]

Cheers Lenny. Thank you!

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Great video. Simple. Direct to the point and great info. Thanks!

[@BradFinn]

Thank you so much for the kind words. Please share with somebody else that is learning

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Probably the best video on the Greeks. Subscribed to the channel. Look forward to more of such great content.

[@BradFinn]

Awesome, thank you!

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I am really glad, I found ur channel brad..keep up the good work! Such a nice person and easy to follow even for non native speakers. Gonna join the discord as well soon. Have a nice day. peace!

[@BradFinn]

Thank so much. Cheers

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Thanks you for amazing presentation and for explaining the Greeks is such a easy way, Mr,Finn.

[@BradFinn]

Cheers

[@ryantheholt]

For the math nerds. Delta and Gamma are the first and second derivatives of the black-scholes option pricing formula with respect to the underlying asset.

[@BradFinn]

FACTS

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Thank you for the informative video! Will check out your course :)

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Thank You, very straightforward and easy to follow and understand❤️

[@BradFinn]

Cheers

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Amazing video, thank you for explaining this so well!

[@BradFinn]

You're very welcome!

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I usually watch the trading videos to check MY game by spotting the mistakes in the video. In this case, I see no flaws in what this guy is telling you. He's done a fine job in providing an overview in the greeks. One of the few cases where you're getting real info from the video. Shows how its worth while to provide good info, since you'll get free advertising in the comments (trust me ... I'm hard on the scammers).

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You are an outstanding teacher! I finally understand this and it wasn’t hard. Subscribed! Thanks!

[@BradFinn]

Thank you for the kind words

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This is a really great explainer of a complex concept in simple English-Thank you!

[@BradFinn]

You're very welcome!

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Great video! Jam packed full of good info for 18 minutes - time well spent!

[@BradFinn]

Cheers Glenn

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Thank you for the lesson. This was just what I was looking for

[@BradFinn]

Glad it was helpful! please share!

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thank you!!! A very clear spoken teacher ‼️‼️ love your content

[@BradFinn]

I appreciate that!

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We appreciate you brother, keep up the great work my dude!

[@BradFinn]

Thank you

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You are very good at explaining these clearly, no grey areas.

[@BradFinn]

Thank you for the kind words

[@jeffcruz7185]

Awesome breakdown of the Greeks! Thanks Brad!

[@BradFinn]

My pleasure!

[@rad1ant]

Solid video Brad, given its significance, could you make a short video on Implied Volatility? (What it means, how it works, how we could use it to our advantage, the relationship with the Greeks, and examples of before and after earnings), thanks

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This is EXACTLY what I was looking for! Thank you!!

[@BradFinn]

Cheers. Please share with others who are learning

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Very well explained. It is not too fast, not slow. Just PERFECT. KUDOS for making this video

[@BradFinn]

Thank you very much!

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👍👍👍 Great video! I already knew this but hopefully this will help my friends learn a little about options.

[@BradFinn]

Sweet! Please share!!

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Awesome job explaining the Greeks!!!

[@BradFinn]

Thank you

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Thank you for the perfect explanation Brad!

[@BradFinn]

Glad it was helpful!

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Thank you kind sir...I really needed this. May you continue to succeed.

[@BradFinn]

Cheers

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This was very helpful, thanks Brad!

[@BradFinn]

Very welcome!

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50k Subs Congrats!!

[@BradFinn]

Thank bud!

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First video of yours that ive watched and it was top notch! Subscribed and will watch more. Thanks! 🇨🇦🚀🌛

[@BradFinn]

Welcome aboard!

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Thats pure gold !! Thank you Brad!!!

[@BradFinn]

I appreciate the kind words. Thank you so much for watching

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A-M-A-Z-I-N-G-! A brilliantly presented, easy to understand tutorial. Thank you! 🙏

[@BradFinn]

Glad it was helpful!

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Thank you for explaining this so well, finally I understood EVERY single thing you said lol

[@BradFinn]

Sweet. Please share with others that are learning

[@narvikproductions]

Dang dude , I’ve spent the last 2 months learning as much as I can about options .. just wanted to say thank you. They way you explain this stuff is perfect.. before I was falling asleep watching them. Live the energy love the content . Keep it up man . I feel so much more confident now and made me realize imma start selling some puts them closing them out if I see the chances . Thanks again , great stuff . Good karma points to you sir

[@BradFinn]

Thank you so much. Please consider KZbin's new "Tip Jar" in the future ( "thanks" near the like and dislike) if the videos make you a buck or two and you wanna buy me a beer! haha

[@JosieRosalesChitownHustlers]

Great breakdown of the Greeks. Thank you so much

[@BradFinn]

My pleasure

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Great video! Loved this information and detail! 🤩

[@BradFinn]

Thank you so much for the kind words.

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Dang, I'm lost. I've been listening and studying, and something new pops up every time. Really wish I understood this stuff. Thank you anyway.

[@BradFinn]

Keep learning. Good luck

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Really great explanations! Loving the videos!

[@BradFinn]

Awesome, thank you!

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That was a great description, man wow

[@BradFinn]

Cheers

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Awesome explanation. Best option video I have came across

[@BradFinn]

Thank you

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Best video on the internet about options!!!

[@BradFinn]

Thank you

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I made so much money on my blackberry calls I bought before the memes and now I finally know why they went up so much! It's because of the IV!

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YUP!

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You are a great teacher. Thank you for sharing your knowledge.

[@BradFinn]

Thank you

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Great easy to understand explanation of the Greeks, thanks!

[@BradFinn]

You are welcome!

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Good stuff Mr. Finn 👌🏽 Putting me on!

[@BradFinn]

Thank you