Greeks

In the context of finance, "Greeks" refer to a set of metrics that help traders understand how different factors affect the price of options. These include Delta (sensitivity to price changes of the underlying asset), Gamma (rate of change of Delta), Theta (time decay of options), Vega (sensitivity to volatility), and Rho (interest rate sensitivity). Each Greek provides insights that can help traders make informed decisions about buying, selling, and managing options positions, ultimately aiding in risk management and strategy formulation.