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Subject Expert
depends on your risk tolerance. some people only trade the first and last 15-30 min of trading. i typically prefer to wait until 10:30 to enter a position.
Enthusiast
Stocks - doesn't really matter, although may be hard to confirm direction at open, not so much close.
Options - volatility is increased at open and close, so it does have some impact on pricing. Best time to sell options and capture the volatility spike