{"id":241952,"date":"2026-04-23T13:49:31","date_gmt":"2026-04-23T17:49:31","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=241952"},"modified":"2026-05-07T14:57:51","modified_gmt":"2026-05-07T18:57:51","slug":"how-do-traders-spot-opportunity-in-option-chains","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/ibkr-podcasts\/how-do-traders-spot-opportunity-in-option-chains\/","title":{"rendered":"How Do Traders Spot Opportunity in Option Chains?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Think an option chain is just rows of numbers? In this IBKR Podcast episode, returning guest Dmitry Pargamanik of Market Chameleon breaks down how traders read between the strikes &#8211; decoding volume, implied volatility, and the Greeks to uncover hidden signals, identify mispriced options, and turn raw data into high-conviction trade ideas.<\/p>\n\n\n\n<iframe title=\"How Do Traders Spot Opportunity in Option Chains?\" allowtransparency=\"true\" height=\"150\" width=\"100%\" style=\"border: none; min-width: min(100%, 430px);height:150px;\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=w4sth-1aba435-pb&#038;from=pb6admin&#038;share=1&#038;download=1&#038;rtl=0&#038;fonts=Arial&#038;skin=1b1b1b&#038;font-color=ffffff&#038;logo_link=episode_page&#038;btn-skin=c73a3a\" loading=\"lazy\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-summary-ibkr-podcasts-ep-376\">Summary \u2013 IBKR Podcasts Ep. 376<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The following is a summary of a live audio recording and may contain errors in spelling or grammar. Although IBKR has edited for clarity no material changes have been made<\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Hey everyone, this is Jeff Praissman with Interactive Brokers Podcast.&nbsp;It&#8217;s&nbsp;my pleasure to welcome back to the IBKR Podcast studio Dmitry&nbsp;Pargamanik&nbsp;from Market Chameleon. How are you?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Hey Jeff.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-0\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s&nbsp;always great to have you in the podcast studio. And, you know, for those who&nbsp;don&#8217;t&nbsp;know, Will and Dmitry, they do a daily show on YouTube as well as come in to do webinars with&nbsp;us&nbsp;the second Tuesday of every month. And then we, they always swing by the studio right afterwards to do a follow podcast.&nbsp;So, earlier today they came in and they talked about option chain analysis and interpreting, you know, price and risk and trading activity. And&nbsp;we&#8217;re&nbsp;gonna&nbsp;do a little bit of a, I guess, a different dive?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-0\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah.&nbsp;Yeah.&nbsp;We&#8217;re&nbsp;gonna&nbsp;get a little bit&nbsp;different perspective&nbsp;and, you know, go over some main questions that you have.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-1\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Well, I always&nbsp;kind of like to start from the beginning and know for our listeners who, you know, may have heard about options, but you know, maybe never actually traded them, could you just kind of briefly describe what is an option chain and, you know, why is it the tool that every option trader has open on their screen?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-1\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When we were looking at options,&nbsp;really&nbsp;we have so many different options for a particular security. There needs to be a way to&nbsp;kind of just&nbsp;organize them in a standardized&nbsp;way&nbsp;so when people go and look at these options, it makes more sense.&nbsp;It&#8217;s&nbsp;organized,&nbsp;it&#8217;s&nbsp;easier to read, and&nbsp;that&#8217;s&nbsp;why we have an options chain, which really takes all these options, puts &#8217;em&nbsp;into a table where&nbsp;it&#8217;s&nbsp;easy to view them, to find them, and to make evaluations on an option. So&nbsp;that&#8217;s&nbsp;really the standard way of looking at options for a particular stock. Right.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-2\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">And, you know, when you pull up&nbsp;an option&nbsp;chain, like&nbsp;there&#8217;s&nbsp;the obvious, like the bid, ask, strike, and&nbsp;expiration, but you can also, you know, I know ones on Interactive Brokers are customizable.&nbsp;I&#8217;m&nbsp;assuming&nbsp;ones&nbsp;other places&nbsp;probably are&nbsp;too to some degree, but you can have a lot of data staring back at you, you know, prices, volume, the Greeks, implied volatility. In your opinion, you know, what are the three to four most important things someone should focus on?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-2\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah. I think unless you have a particular agenda&nbsp;you&#8217;re&nbsp;looking for, when you&nbsp;open up&nbsp;an option&nbsp;chain, I would say the first&nbsp;couple&nbsp;things that may stick out to get a sense of&nbsp;what&#8217;s&nbsp;going on is looking at the volume.&nbsp;So&nbsp;what are the corresponding&nbsp;volume&nbsp;to the options? If&nbsp;there&#8217;s&nbsp;any&nbsp;particular&nbsp;option&nbsp;that looks like it has more trading interests or concentration of trading interests, that might be something to look at.&nbsp;Or is the volume and trading activity distributed fairly equally or evenly through, you know, through the options?&nbsp;But volume is&nbsp;a big thing&nbsp;because, you know, something that you could&nbsp;kind of just&nbsp;scan with your eyes and if something pops out, that could draw your attention.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The other thing is implied volatility,&nbsp;&#8217;cause&nbsp;the implied volatility levels&nbsp;gives&nbsp;you&nbsp;an indication&nbsp;where the current expectations are that traders are building in, you know.&nbsp;So&nbsp;the implied volatility, the market&#8217;s forward-looking volatility in the underlying.&nbsp;And another thing, just if you&nbsp;kind of learn&nbsp;to scan with your eyes, is&nbsp;how&#8217;s&nbsp;the implied volatility structured&nbsp;relative&nbsp;to the different strikes? Because in options, when we see implied volatility, because we have different options, they could have different implied volatilities, and the structure or, you know, the skew, the smile can tell us a lot about how traders are building expectations. If you, we could have a flat&nbsp;skew&nbsp;or you could have an upward-sloping skew, a downward-sloping skew. You could have a smile where the wings slope up from the at-the-monies, which tells you something a little bit different based on how that implied volatility smile structure looks like.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-3\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah, I was&nbsp;gonna&nbsp;say, you know, I always feel like every conversation I have about options, implied&nbsp;volatility always comes up, right? So they kind of just kind of sum up, like it really can, it really is for, you know, people new to this and even experienced traders, like, I think it&#8217;s fair to say it&#8217;s really the key to understanding whether or not you&#8217;re kind of paying too much or getting a good deal on an option. Is that a fair statement?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-3\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah,&nbsp;it&#8217;s&nbsp;a way to convert an option price to a relative value, because&nbsp;that&#8217;s&nbsp;easier to make an assessment or evaluation of an option because, you know, you have different strikes, different expirations, and the implied volatility. And then these, the options, you know, decay over time.&nbsp;So&nbsp;the implied volatility is a way where we could take the price, put it into an option pricing model, and get this implied volatility level, which then&nbsp;kind of standardizes&nbsp;how we look at the value of the options across the board, you know.&nbsp;So, for example, we could have two stocks, you know, one stock is $10 and a different stock is $100.&nbsp;But those are just prices. A relative value will give us, well, you know, that $10 stock is, you know, trading at a 100 P\/E and the $100 stock is trading at a 10 P\/E, so on a relative basis, the $10 stock&nbsp;seems like&nbsp;much more expensive relative to the earnings of the company. So&nbsp;that&#8217;s&nbsp;the idea there where we convert it to a relative value so we could&nbsp;kind of make&nbsp;a comparison of different options. So that&#8217;s&nbsp;kind of like&nbsp;the&nbsp;idea with implied volatility.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-4\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">And, you know,&nbsp;option&nbsp;chains can really help the investor find pricing discrepancies as well, right? Like kind of&nbsp;using&nbsp;it for like comparison shopping, sort of as&nbsp;you&nbsp;kind of alluded&nbsp;to. You know, could you give&nbsp;us like&nbsp;another simple example of what, you know, price discrepancy would actually look like and how someone might be able to spot this in a chain?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-5\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mm-hmm. And, you know, one thing,&nbsp;option&nbsp;chains also, you know, show\u2014they not just show you one&nbsp;expiration,&nbsp;they show you all the expirations. And, you know, what can it tell you, like if you&#8217;re able to kind of, you know, compare these options and whether it&#8217;s the same strike or similar strikes throughout different months of expiration, you know, what does it tell you when you might see a weekly option showing, say, a 60% implied vol?&nbsp;<br>A monthly option on the same stock and&nbsp;they&#8217;re&nbsp;at like a 35% implied vol, you know, is it something wrong or is there, you know, is there potential opportunity there?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-4\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">What that&nbsp;indicates&nbsp;is the market&#8217;s expectations of how volatility will change over time. So if we&#8217;re, for example, experiencing a very low volatility regime and maybe, you know, the traders right now don&#8217;t expect a lot of movements, maybe there&#8217;s a period where we don&#8217;t have, you know, earnings announcements or any kind of expectations of major economic announcements, and, you know, it could be the summer months, volatility may drop. And what you&#8217;ll see is on the lower end of the curve, implied volatility lower, but then we&#8217;ll see an upward\u2014we&#8217;re looking as you go out further in time, you know, an upward-sloping structure, which says that&#8217;s not&nbsp;gonna&nbsp;last forever. Volatility eventually will either&nbsp;increase&nbsp;or, you know,&nbsp;there&#8217;s&nbsp;more uncertainty as we go out further in time.&nbsp;It could go the other way where,&nbsp;let&#8217;s&nbsp;say for&nbsp;an earnings&nbsp;or a period of high volatility or uncertainty, people are looking for short-term volatility, short-term protection, and they expect the volatility to start to not last or be sustained at these&nbsp;high levels.&nbsp;So&nbsp;you&#8217;ll&nbsp;see a downward-sloping term structure.&nbsp;So&nbsp;in earnings, that&#8217;s&nbsp;kind of what&nbsp;happens, where we see uncertainty because&nbsp;we&#8217;re&nbsp;gonna&nbsp;have an earnings announcement. We&nbsp;don&#8217;t&nbsp;know what the earnings release will be. Could be good, it could be bad, and we could see this short-term gap or really big move in&nbsp;a stock, but that&#8217;s not expected to last every single day. And after the earnings, you know, it will reprice and then&nbsp;kind of go&nbsp;back, revert to its normal volatility.&nbsp;So&nbsp;then&nbsp;you&#8217;ll&nbsp;see a downward-sloping implied volatility structure.&nbsp;So&nbsp;it&#8217;s&nbsp;really embedding traders&#8217; expectations of volatility as you go out in time.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-6\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">And, you know, we mentioned earlier that like, you know, not only is implied volatility, you know, shown on&nbsp;option&nbsp;chains, but, you know, Greeks are obviously a big function of it as well. And, you know, while&nbsp;there&#8217;s&nbsp;five of &#8217;em,&nbsp;they&#8217;re&nbsp;probably\u2014the three most popular ones are delta, theta, and gamma. Could you kind of just, you know, briefly just kind of tell our listeners, for those especially new to the option world, kind of what each one does, and you know, how you could potentially use &#8217;em&nbsp;for like a price discrepancy, you know, or help guide you using &#8217;em, you know, in the\u2014&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-5\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah. When we look at options themselves, they have different risk factors,&nbsp;different factors&nbsp;that can&nbsp;impact&nbsp;the price of the option. You know, one is direction\u2014the stock could move&nbsp;up,&nbsp;it could move down.&nbsp;So&nbsp;options on different strikes could have different exposure to directional risk, and the delta is just telling you the sensitivity of that option to a $1 move in the stock.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So&nbsp;if you&nbsp;have like&nbsp;a perfect one delta, then the option will move one-for-one with the stock. If you have a 50 delta, the option price will change by 50 cents for every dollar&nbsp;move&nbsp;in the stock. You know, a&nbsp;20 delta&nbsp;option\u2014the option is expected to change by 20 cents for a dollar move in the stock. And&nbsp;that&#8217;s&nbsp;based on nothing else changing, you know, just the dollar&nbsp;move&nbsp;in the stock\u2014no time decay, no implied volatility changes. So&nbsp;that&#8217;s&nbsp;the directional risk.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But besides directional risk, we know an option also has time&nbsp;decay. You know, what&#8217;s&nbsp;gonna&nbsp;happen to your&nbsp;option&nbsp;if nothing happens for the rest of the day?&nbsp;Let&#8217;s&nbsp;say you buy an&nbsp;option,&nbsp;it&nbsp;doesn&#8217;t&nbsp;go up, the stock&nbsp;doesn&#8217;t&nbsp;go up, it&nbsp;doesn&#8217;t&nbsp;go down. But the problem is options expire, you know,&nbsp;they&#8217;re&nbsp;not forever. These are securities and tools that have&nbsp;an expiration&nbsp;date.&nbsp;So&nbsp;as you get closer to&nbsp;expiration,&nbsp;you&#8217;re&nbsp;gonna&nbsp;lose premium. And that risk tells you, hey, you&nbsp;know,&nbsp;it&#8217;s&nbsp;Monday morning. If I buy this&nbsp;option&nbsp;and nothing happens, what am I expected to decay? You know, if the stock&nbsp;doesn&#8217;t&nbsp;move, implied volatility&nbsp;doesn&#8217;t&nbsp;move\u2014if I buy it for a dollar, am I expected to, you know, lose 10 cents, 15 cents, 20 cents? You know,&nbsp;what&#8217;s&nbsp;my risk&nbsp;regarding&nbsp;this option?&nbsp;That&#8217;s&nbsp;kind of the&nbsp;theta, the time. Okay.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And your gamma is telling you how much your delta will change for a $1 move in the stock. So that tells you the sensitivity of your portfolio as the stock moves. Are you gaining gamma, and at what rate?&nbsp;So, you know, the delta\u2014when you have an option, you know, and it&#8217;s a 50 delta, doesn&#8217;t mean that it will always be a 50 delta forever.&nbsp;That is just at this point. As the stock moves, the delta can&nbsp;increase,&nbsp;it&#8217;s&nbsp;going up, you know, or decrease depending on where it goes. So that gamma is telling you the rate of change of your delta as the stock moves $1 higher, $1 lower.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-7\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah, and you mentioned earlier, Dmitry, you know, volume is usually on&nbsp;option&nbsp;chains, open interest as well.&nbsp;A lot of times people get those too confused, but, you know, in reality they&#8217;re somewhat related, but they&#8217;re very different too, right?&nbsp;Like volume&nbsp;is the number of those contracts that traded that day, or open interest is really the total number of active&nbsp;option&nbsp;contracts.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, for our listeners, just in the simplest of terms, if I am&nbsp;long&nbsp;a July 55 call, and if&nbsp;I&#8217;m&nbsp;on one call and Dmitry does not have a position, I sell a call, he buys a call.&nbsp;The open interest actually stays the same because I&#8217;m actually closing my position, Dmitry&#8217;s opening his, so they&#8217;re very different.&nbsp;I think a lot of people&nbsp;get &#8217;em&nbsp;confused, but&nbsp;they&#8217;re&nbsp;also two&nbsp;very important, you know, points of data that are available usually on option chains. And, you know, for those two, Dmitry, what should the traders look at? Like, can they spot, you know, can unusual activity, you know, create pricing discrepancies, you know, how would they spot this in&nbsp;an option&nbsp;chain?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-6\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah.&nbsp;It&#8217;s&nbsp;a good question because sometimes people do get confused about the volume and open interest and think that&nbsp;they&#8217;re&nbsp;kind of, like you mentioned, just a straight correlation. But&nbsp;they&#8217;re&nbsp;not.&nbsp;And the open interest\u2014well, first of all, open interest only updates once a day.&nbsp;So&nbsp;that&#8217;s&nbsp;one thing that people do get confused\u2014where, well, why isn&#8217;t open interest, you know, updating? Well, the way open interest gets updated is that&nbsp;it&#8217;s&nbsp;based on end-of-day settled trades. Those settled trades go to the&nbsp;OCC,&nbsp;it reconciles them, you know, if&nbsp;there&#8217;s&nbsp;any exercises, assignments, splits, does all that, and then releases the new open interest. But it&nbsp;doesn&#8217;t&nbsp;know the new open interest until the end of the trading day again, and options are settled.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And that open interest just tells us how many options\u2014whenever two people trade, you know, if&nbsp;there&#8217;s&nbsp;zero open interest, two people trade, they create a contract, right?&nbsp;That&#8217;s&nbsp;how you create a contract. One person&nbsp;buys,&nbsp;one person sells. Now you have a contract and&nbsp;it&#8217;s&nbsp;open interest until it expires or both of you close out. But like you mentioned, you know, if you and Will did a trade, you bought a contract and then Will sold a contract, and then you did nothing and Will said, well, I&nbsp;wanna&nbsp;buy my contract back, and he buys it from me.&nbsp;Well, we, the open interest&nbsp;didn&#8217;t&nbsp;change, right?&nbsp;It&#8217;s&nbsp;still one\u2014it just transferred from one person to the other.&nbsp;So&nbsp;a new contract&nbsp;didn&#8217;t get&nbsp;created. Just one side of that contract transferred his risk to someone&nbsp;else, basically. But a new contract&nbsp;didn&#8217;t&nbsp;get created, but the volume will still reflect a trade.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So&nbsp;the volume just reflects that, you know, those two trades. The open interest reflects the open contracts that have not yet expired or been closed out. So those are two different metrics. And open interest would let us know, well, how many contracts are out there? People are holding positions\u2014that means there is risk&nbsp;on&nbsp;the books, right?&nbsp;So&nbsp;big open interest, there are lots of positions open in a particular contract. Zero means&nbsp;there&#8217;s&nbsp;no risk yet in that contract. Even if we see lots of trading during the day where people can have intraday risk, the carry risk going forward would be reflected in open interest.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-8\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">And can you walk us through your, you know, your workflow when you open up an option chain and you&#8217;re looking for opportunities?&nbsp;What&#8217;s&nbsp;like&nbsp;your, you know, your step-by-step process from, you know, analyzing the data to, you know,&nbsp;sort of&nbsp;identifying&nbsp;potential trade?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-7\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yeah, you know, sometimes I just look at the options chain to get a quick assessment of&nbsp;what&#8217;s&nbsp;going on. Like we mentioned, you know, do I see any unusual type of trading activity, volume, or are the&nbsp;option&nbsp;prices lining up where they are skewed in a particular way that may, you know,&nbsp;warrant&nbsp;further research? Or is there\u2014especially if&nbsp;you&#8217;re&nbsp;familiar with a certain security where you see it every day\u2014you might start noticing things that you could only see from looking at it every day. You know, oh,&nbsp;I&#8217;ve&nbsp;seen this before, this is an opportunity, this is lining up differently, I should look at it further.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So&nbsp;part of it is really the experience of seeing and watching and knowing&nbsp;what&#8217;s&nbsp;going on&nbsp;on&nbsp;a day-to-day basis. Most of the time I just check in to see&nbsp;what&#8217;s&nbsp;going on, get a quick assessment. If I see anything unusual, sometimes I go in there because I might have an idea or a particular outlook or strategy I have in mind, and I&nbsp;wanna&nbsp;see how the markets line up, you know, and if there&#8217;s a potential trading opportunity that fits my outlook. So those would&nbsp;probably be&nbsp;the most common, you know, go-to things that I would look at in the&nbsp;option&nbsp;chain.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-9\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Got it. No,&nbsp;that&#8217;s&nbsp;perfect. Dmitry, this has been great. You know, thanks for coming by. Any&nbsp;final thoughts&nbsp;you&#8217;d&nbsp;like to leave our listeners with?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-8\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">I think from the option chain perspective, if you are getting\u2014or if you&#8217;re new to options, you&#8217;re starting to learn about options\u2014I think it&#8217;s important to really get used to an option chain, understand what you&#8217;re looking at, you know, what it could reveal. Not every&nbsp;options&nbsp;chain is the same in perspective of these added values of, you know,&nbsp;analytics and risks&nbsp;and stuff.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So&nbsp;as we see, typical things that are standard, right? You have prices, volume, last trade, things like that. But then, you know, a lot of&nbsp;options&nbsp;chains then have other added values.&nbsp;So&nbsp;getting to know the options chain, understanding it, and how to&nbsp;utilize&nbsp;it is really&nbsp;an important step&nbsp;before you do anything, because that&#8217;s&nbsp;gonna&nbsp;be your starting point really, you know, is that&nbsp;option&nbsp;chain.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-jeff-praissman-10\">Jeff Praissman<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This has been great. And you can catch more from Dmitry on YouTube every weekday morning at 9:00 AM, also on our website.&nbsp;Go to <a href=\"http:\/\/ibkr.com\">ibkr.com<\/a>, click on education, go down to the campus, and you can see previous podcasts, previous webinars, and also look for upcoming webinars.&nbsp;It&#8217;s&nbsp;the second Tuesday of every month that they come by at 2:00 PM Eastern Time. Thanks.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-dmitry-nbsp-pargamanik-9\">Dmitry&nbsp;Pargamanik<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks, Jeff. Thank you.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Think an option chain is just rows of numbers? 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