Glossary/ Options
Options
Greeks
The set of sensitivities — delta, gamma, theta, vega, rho — describing how an option price responds to changes in the underlying, in time and in volatility.
Where this comes up
Lessons that use the term in context, which is usually more useful than the definition on its own.
- Vega and implied volatility — The part that moves your option when price does not.
- Vertical spreads — Capping both ends on purpose, and what it costs.
Nearby terms
Payoff diagram · Premium · Put option · Rollover · Spread (strategy) · Strike