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How Does Vega Differ from Gamma?

Vega measures sensitivity to Implied Volatility; Gamma measures the rate of change of Delta.
Greeks.Live22.11.25

How Does Vega Differ from Gamma?

Vega measures the option price's sensitivity to changes in implied volatility (IV), which affects the time value. Gamma measures the rate of change of Delta, which is related to the underlying asset's price movement.

Vega is a measure of volatility risk; Gamma is a measure of directional risk change.

What Are the Other “Greeks” in Options Trading (Delta, Gamma, Vega)?
Which Option ‘Greek’ Measures the Sensitivity to Volatility Changes?
How Does a ‘Greeks’ (Delta, Gamma, Vega, Theta, Rho) Measure Option Price Sensitivity?
Explain the Relationship between Implied Volatility and Options Pricing (Vega)

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