▌ACADEMY://options-basics · lesson 3/4

The Greeks: Delta, Gamma, Theta, Vega

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Greeks are just sensitivities

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Each Greek answers one question: if this one thing changes a little, and nothing else does, how much does the option price move?

delta  per $1 move in the stock
gamma  how fast delta itself changes
theta  per day that passes
vega   per 1 point of implied volatility

Educational content, not financial advice. Charts in lessons use made-up data.

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