In addition to theta, they are delta, gamma, and vega. Time is relevant for option buyers as options are only exercisable for a set period. The option’s profitability decreases as time goes on.

In the world of options, letters of the Greek alphabet (known as "option Greeks," or simply "the Greeks") are used to describe the changes in option premiums that result from the interplay among ...

Named after the Greek letters delta, gamma, theta, and vega, these act like dashboard warning lights, helping traders understand how different market conditions affect their options positions.

Options Greeks inform traders of their exposure on a position or portfolio basis and can provide valuable insight into their risk exposure and aid with managing risk in their portfolios. Delta (∆), ...