Course 2 · Options Pricing & the Greeks

Meet delta, gamma, theta, and vega — the four forces behind every price move.

Directional exposure and the closest thing options have to a probability gauge.

How delta itself changes — and why dealers care so much about it.

Time decay, and how it quietly works for or against your position.

Sensitivity to volatility, and why it can dominate a trade around earnings.

The interest-rate Greek — small, but worth understanding

How the Greeks interact in a real position you actually hold.