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this is part three in the series where Im teaching you how to go about trading options in the stock market now if you havent seen part one or two Ill link the playlist in the description below but today Im going to be covering what are known as the Greeks when it comes to an option contract now you need to have a understanding of how these Greeks are going to play a role in the profitability of the specific option contract which you are buying based off of the way youre trading and based off of well what your actual intention is behind taking that trade so with that said lets hop right into it now what are Greeks how do they work and how are they going to affect how youre able to make or lose money on that option before we get into that I just want to go over the bid and the ask again so the bid is what buyers are willing to pay for the option contract and the ask is what sellers want to sell the contract at so in between $12 101 and $12.95 that is the spread now this is a prett