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Explain the Concept of “The Greeks” in Options Trading and Their Purpose.

"The Greeks" are a set of risk metrics used to measure the sensitivity of an option's price to changes in underlying factors. Delta measures price sensitivity to the underlying asset's price.

Gamma measures Delta's sensitivity. Theta measures time decay.

Vega measures sensitivity to volatility. They help traders manage and hedge the risk profile of their options positions.

How Does the “Greeks” (Delta, Gamma, Theta, Vega) Apply to a DAO’s Options Trading Strategy?
What Is the Concept of ‘Greeks’ (Delta, Gamma, Vega) in Options Risk Management?
What Is the Concept of ‘Greeks’ in Options Pricing and Risk Management?
How Does a ‘Greeks’ (Delta, Gamma, Vega, Theta, Rho) Measure Option Price Sensitivity?