Monetize Vega, the impact of implied volatility: Shubham Agarwal

The article by Shubham Agarwal discusses the significance of implied volatility in options trading. It explains how implied volatility affects option premiums, with higher volatility leading to higher premiums due to increased risk for option sellers. The concept of Vega is introduced as a measure of how much the option premium changes with a 1% change in implied volatility. The article advises traders to sell puts when implied volatility is high and buy options when it is low, to maximize profits. It emphasizes the importance of understanding and tracking implied volatility for successful trading strategies.