Diagonals, Multi-legs, Theta & Gamma

"Session 4: Diagonals, Multi-legs, Theta and Gamma" delves into advanced options strategies, focusing on diagonals, multi-leg spreads, and the Greeks—Theta and Gamma. It covers strategies to manage time decay in options, the implementation and benefits of diagonal spreads, and detailed explanations on how Theta and Gamma impact option prices and trading strategies.

Topics Covered in this session:

1. Squeezing the Juice: Managing Time Risk
2. Financing the Upside: Bullish Diagonals
3. A Side of Wings: Straddles become Butterflies
4. Scalping Stock: Straddles with Stock
5. Stock Acceleration: Understanding Gamma
6. Pump the Breaks: Managing Gamma Risk
7. Summary
8. Q&A

Video Transcript