One of the first things we teach Option Pit clients in our Gold Classes is how the option pricing model works. The simple reason we do this is before traders put on a position they should know how that position should perform best. The position will work when the changes in model inputs during the trade lifespan are in line with the original intent of the trade. Where the educational process starts to turn on light bulbs early on is right here. Certain positions “act” better under certain circumstances and that is totally teachable.