Startups6 min read
Options Greeks Explained: Delta, Gamma, Theta, Vega
The four numbers that tell you everything about how your options position will behave.
QuantNull TeamCFA, MBA
Options pricing depends on more than just direction.
Delta tells you directional exposure. Theta tells you time decay. Gamma tells you how delta changes. Vega tells you volatility sensitivity.
Understanding these four numbers is essential before selling any options.
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