Options Greeks: Delta & Gamma
An excerpt from our Academy Module.
Executive Summary
Options trading, particularly within institutional settings, requires a sophisticated understanding of the Greeks—quantitative tools that indicate various risk facets of options positions. Delta and Gamma stand out as crucial metrics for managing the constantly changing risk in a portfolio of options. Delta measures the rate of change of the options price with respect to changes in the underlying asset's price. Gamma, on the other hand, measures the rate of change i...