❓ Question#options-and-futures
W
Wolf Cub
Trader · · 358 views
What are the Option Greeks I must know?
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I keep hearing about Delta, Gamma, Theta, Vega. Can someone explain what each means practically?
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💡 2 Answers
✅Best Answer
MH
Market Hawk
Trader · 15 days ago
Delta: how much option price changes per ₹1 move in underlying. ATM option delta ≈ 0.5. Gamma: how fast delta changes. Theta: daily time decay. Vega: sensitivity to implied volatility changes.
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PA
Price Action Pro
Trader · 15 days ago
Practically: Delta tells your directional exposure. Theta tells your daily cost if you are a buyer. Vega tells if IV expansion/contraction will help/hurt your position. Start by understanding Delta and Theta.
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