What is the difference between long term , short term and intraday, Gems?

What is the difference between long term , short term and intraday, Gems?

  1. Long-term Gems are generally the ones that are valid for a year
  2. Short-term calls can be valid for about 1 week to up to 6 months
  3. Intraday Calls are valid only for a single trading session

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