In Part 1, we explored the foundational concepts of options trading and highlighted some common pitfalls to avoid. Now, let's delve into some basic concepts of risk management techniques, and how to avoid mistakes.

This article unlocks the secrets of open interest, revealing its power to gauge market sentiment and inform your trading decisions. Learn how strike prices and time to expiry influence open interest, and uncover valuable insights.

Understanding Delta, Gamma, and Theta is just the first step in decoding the language of the Greeks. 

The aim should be to earn money with consistency, keeping the risk under check. 

This is because the entire concept of trading options and selecting the right strategies depends upon the concept of volatility & pricing.