What Does a High Rho Value Indicate for an Option Position?

Rho measures the sensitivity of an option's price to a change in the risk-free interest rate. A high Rho value indicates that the option's price is highly sensitive to changes in interest rates.

For call options, Rho is typically positive, meaning a rate increase raises the price. For put options, Rho is typically negative.

A high Rho is most relevant for long-dated options, as the impact of discounting the strike price over a longer period is greater. It is often the least significant of the Greeks for short-term options.