choppa
2023-09-05
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@Optionspuppy：Let me add one word symbol is 1 percentile {%} I go for 1% premium earn to a month sell put options with a sell put strike price lower why because the IV is lower and so the chances of getting it assigned to me is low for me 1% profit sometimes people laugh at me earn 1% -1.5% only a month but I value winning more than potentially high profits . $Manulife(MFC)$ $SPDR S&P 500 ETF Trust(SPY)$ 1. Delta (Δ): Delta measures the sensitivity of an option's price to changes in the underlying asset's price. It indicates how much the option's price is expected to change for a $1 change in the underlying asset's price. 2. Gamma (Γ): Gamma represents the rate of change of an option's delta concerning changes in the underlying asset's price. It measures how delta itself changes as the underlying asset price moves. 3. Theta (Θ): Theta measures the rate of time decay of an option's value. It indicates how much the option's price is expected to decrease as time passes, assuming all other factors remain constant. 4. Vega (ν): Vega quantifies an option's sensitivity to changes in implied volatility. It measures how much an option's price is expected to change for a 1% change in implied volatility. 5. Rho (ρ): Rho measures an option's sensitivity to changes in interest rates. It reflects how much the option's price is expected to change for a 1% change in interest rates. 6. Lambda (λ): Lambda is less commonly used than the other Greek letters, but it represents the percentage change in an option's delta for a 1% change in the price of the underlying asset. These Greek letters are vital for options traders and investors to assess and manage risk, construct strategies, and understand how options respond to market dynamics. @MillionaireTiger @Daily_Discussion @TigerStars Do feature me thanks For the new word I created
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