According to @GreeksLive, the foundational concepts of options trading include understanding derivatives, the function of options, and real-world application examples such as the airline industry and Bitcoin (BTC) options. The discussion further clarifies the differences between American and European options, which is critical for traders analyzing expiry and exercise mechanisms. This information is especially relevant for cryptocurrency traders, as the structure of BTC options directly influences market volatility and hedging strategies. Source: @GreeksLive