Mike & Jessica discuss the basics of Vega, and reveal that it is just the rate of change of an option's price given a 1% change in the underlying's implied volatility.
They compare AMZN and PCLN and show the staggering difference between AMZN's 100 point OTM options and PCLN's, with AMZN earnings coming out after the close.
Don't forget the homework - watch Option Greeks | Vega
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