The Greeks on Robinhood Explained

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All you’ll ever need to know about the Greeks on Robinhood. This one’s a little dense, so you might want to grab a pen and paper. If you have questions, ask in the comments! I respond to everybody.

Delta – 0:11
Gamma – 1:59
Theta – 3:00
Vega – 4:30
Rho – 5:20

Delta is the amount your option’s price will change given a $1 in the stock’s price. With Calls, it will be between 0 and 1 (since a call’s price is positively correlated with the stock’s price), with puts it will be between -1 and 0 (since a put’s price is negatively correlated with the stock’s price).

Gamma represents how much Delta changes given a $1 move in the stock’s price.

Theta is the amount an option’s premium decay’s after one day. Theta is most detrimental to a long option position within the last month of the option’s lifespan.

Vega is the amount your option’s price will change given a 1% change in Implied Volatility.

Rho is the amount your option’s price will change given a 1% change in the Treasury Bill’s Risk-Free Rate.

These are all of the values given under “The Greeks” in Robinhood.

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