Explain the Concept of ‘Greeks’ in Options Trading and Their Relevance to DAO Treasury Risk

The Greeks are a set of mathematical variables used to measure the sensitivity of an option's price to changes in underlying factors. Delta measures price sensitivity to the asset price, Gamma measures the rate of change of Delta, Theta measures time decay, and Vega measures sensitivity to volatility.

A DAO treasury uses the Greeks to quantify and manage its options portfolio risk, ensuring its hedging strategies remain balanced and its exposure to factors like time decay is understood.