Explore Your Options by Jay Kaeppel
WHAT ARE THE GREEKS AND WHY DO THEY MATTER?
I’m learning more and more about options trading, but I keep hearing that I have to learn “the greeks.” I’ve tried to, but they are still “Greek” to me. Can you help me understand what the option greeks are and why they matter?
Absolutely. It is important to know the purpose of greek values. In a nutshell, greek values give you information regarding how much or how little the value of a given option or option position will change based on changes in the underlying security’s price, volatility and the passage of time ...