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What Is “Gamma” and How Does It Relate to Delta?

Gamma is an option Greek that measures the rate of change of an option's delta for a one-unit change in the underlying asset's price. Delta measures the option price sensitivity to the underlying price.

Gamma is the second derivative, essentially measuring how fast the delta changes. High gamma means delta is highly volatile, making the option's price more sensitive to small price moves.

In Options Trading, What Greek Letter Measures the Sensitivity to Volatility, and How Does This Relate to Mining Variance?
What Is the Significance of Gamma in Understanding the Change in an Option’s Delta?
What Is the Relationship between the Gamma of an Option and Its Price Sensitivity?
Define “Gamma” in Options Trading and Its Relationship to the Underlying Asset’s Price Change