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Chances are that if youre an option trader and you dont know what it is, you shouldnt be trading it, let alone daytrading it. The program was created for very liquid options that trade with narrow bid-ask. This means that we now have options that trade at just pennies between the bid and offer.
You can get a current list of these ultra liquid options by visiting. Daytraders rarely trade out of the front-month options, and most recently they have been looking at weekly options to trade in and out of.