Know the difference between in the money, at the money and out of the money options is determined by the relationship between strike price and stock price.
A Short Straddle strategy is a race between time decay and volatility. Every day that passes without movement in the underlying assets will benefit this strategy from time erosion
Open Interest are defined as the total number of outstanding futures and options contracts that are held by market participants at the end of the day. They are useful in identifying market trends.
A long straddle trading is a seasoned option strategy where you buy a call and a put at the same strike price and expiration, allowing for profit if the stock moves in either direction.
A covered call options trading strategy is an Income generating strategy which can be initiated by simultaneously purchasing a stock and selling a call option.