Options & Derivatives
The Greeks: Delta, Gamma, Theta, Vega
The four Options Greeks — Δ (Delta), Γ (Gamma), Θ (Theta), and ν (Vega) — are partial derivatives of the option price with respect to four of its…
Options & Derivatives
Options & Derivatives
What Are Options? Calls and Puts Explained
An option is a contract whose payoff is a non-linear function of an underlying asset's price at a future date. The buyer pays a fixed amount today (the…
Options & Derivatives
Covered Calls: Generating Income from Stocks You Own
A covered call is a position composed of 100 shares of an underlying long, plus one short call written on those shares. The premium received from the short…