Options greeks are a set of financial metrics used to measure the sensitivity of the value of an option to various factors such as the underlying asset price, volatility, and time to expiration.

The most commonly used options greeks are:

What is Delta? Delta measures the sensitivity of the option's value to changes in the underlying asset price. A call option has a positive delta, while a put option has a negative delta.

What is Gamma? Gamma measures the rate of change of the option's delta with respect to changes in the underlying asset price.

What is Vega? Vega measures the sensitivity of the option's value to changes in the volatility of the underlying asset.

What is Theta? Theta measures the sensitivity of the option's value to changes in the time to expiration of the option.

What is Rho? Rho measures the sensitivity of the option's value to changes in the interest rate.