The usage of options products is on the rise. According to the Options Clearing Corporation(OCC), the world’s largest equity derivatives clearing organization, the total options volume for August 2024 was 1,060,360,119, an increase of 4.1 from the previous year. Year to date, average daily volume has been 47,362,479, an increase of 6.7% from the previous year. Furthermore, the average daily volume in 2023 was more than twice that in 2019. The increased options usage indicates investors’ growing familiarity and confidence in incorporating these products into their trading strategies. However, s…