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Trading options without an understanding of the Greeks is like flying a plane without the ability to read instruments. Unfortunately, many traders do not know how to read the Greeks when trading. This puts them at risk of a fatal error, much like a pilot would experience flying in bad weather without the benefit of a panel of instruments at his or her disposal.

In this article, I will try to describe how to use the options Greeks to your advantage.

First, a quick reminder for those less familiar with the Greeks.

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