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The Greeks

The greeks are statistical measures that help to explain and anticipate option pricing. They play a vital role in what strategy you will ultimately use when trading options

Greek Ancient Sculpture of Warrior

Delta

How much money you make for every $1 move of the stock

The percentage of chance the stock will be in the money

Theta

Measures time decay of your option. Either positively or negatively

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Library of Celcus

Gamma

Measures how much delta will change when the stock moves

Vega

How much the option price will change for every 1% move of implied volatility

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