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Episode 4: The Greeks: Delta, Gamma, Vega and Theta
Delta, Gamma, Vega and Theta are the core language of options risk. This episode explains what each Greek measures and why traders manage the sensitivities rather than just the option price.This episode is part of FX Options Daily, a 30-day themed season of The Trading Floor covering pricing, hedging, exotics, risk and institutional FX options practice.Full treatment: Chapter 4 of FX Options.Educational content only. Nothing in this episode constitutes investment advice.
The skinny
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