Options premium is not just the number you see on the screen. In this episode of Options in Action, Mike breaks down what options premium actually means using a live USO example -- a 9-day option at 80% implied volatility collects $6, while a 43-day option at 71% IV collects $12. The 43-day looks cheaper but when you adjust for time the near-term option is collecting far more premium per day, which is why selling in the 30 to 60 day window captures concentrated implied volatility and buying far out in time protects you from premium decaying against you. Everything connects back to extrinsic value -- master that one concept and you back into understanding all the Greeks without needing the textbook definition. Helpful links: tastylive: tastylive.com FREE tasytlive Newsletters: info.tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): x.com/tastyliveshow CHAPTERS: 00:00 What Is Options Premium...