Description

How market practitioners use options to manage portfolio risk. Introducing options Greeks and the market sensitivities that each measures.

Learning Objectives

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1. Learn how Delta, Gamma, Theta, Vega, and others measure option sensitivity to market factors.
2. Understand how traders manage risk across multiple option positions using decomposition and aggregation.
3. See how directional risk is hedged and why Gamma makes hedging a dynamic process.
4. Discover how option value erodes over time and impacts buyers and sellers differently.
5. Understand how implied volatility affects option pricing and trader positioning.
6. Apply concepts through real-world examples and quick checks to reinforce learning.