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Podcast: Options Boot Camp
Episode: Options Boot Camp 2: The Greeks
Description: Options Bootcamp 2: The GreeksBasic Training:
Risk variables (aka "the Greeks") are Delta, gamma, theta, and vega.
Delta: The measure of the sensitivity of the options' price given a change in the underlying instrument. It's also used to view the likelihood of whether an option will expire in-the-money.
Gamma: The rate of change of an options' delta given the change in the underlying instrument.
Theta: The rate of change of an options' value given a change in the number of days until an options' expiration.
Vega: The rate of change in an options' value given...