Ask Doubts on Option Greeks

Hi friends , please ask any doubt about option greeks. I will try to explain to the best of my ability. Also be patient as I will post reply when i feel free

Thanks for this initiative. :thumb:

Since you focus a lot on the Option Greeks and normally ignores the typical technical analysis and charts etc. I want to know if you completely ignores the VOLATILITY "IV-HV" as well, or if you pay some attention to it ? If we have some doubts related to Options Volatility, can we ask regarding them or not ?

Thanks and best regards

Volatility is very important in greeks, In india traders give importance to delta and theta only. Half knowledge is more dangerous than knowing nothing just like half doctor

Practical discussion on greeks is hard to find. Thanks for initiating this thread. Probably theory is available all over net, though I haven't found the correct formula to calculate the greeks. Do you find any particular software that automatically calculate greeks? Option oracle is there, but that doesnt have great support, so can't be dependable.

Another free software is there, Most of my students are using this. Best and Free Webpage for Option analysis http://optionstracker.net/
Many are using this one
I am using Vol hedge, it is paid one and sophisticated
Good site to learn options
https://www.youtube.com/results?search_query=volhedge

Paul Forchione - Allocating Risk via the Greeks -


https://www.youtube.com/watch?v=vkfK6kZfGBE

Sir,
I am your student Ankur Chopra, hope you remember me
My Question is:
Now as the market has fallen more than 5 %, still the profits are not that big as expected ( due to sudden rise in volatility) ...but still there is profit
but going forward if we carry position with negative delta and market rises suddenly by 5-8% then losses can increase, so what should we do at this point?

Thanks a lot.
Ankur

Thanks for the new topic sir
I would like to know what greek managers think in below case
Its iron condor with risk of 82 points and reward of 17 points
1)would u take the trade looking at present greek situation?
2)can u show us the perfect iron condor for current market situation which you would enter?
3)what is the preferred DELTA/GAMMA/VIX etc to enter a Iron condor?

Thanks and best regards

I(some of us) will be more than happy if Sir share some simple option funda without digging greeks,romans and americans graveyard(light joke ony)
Its very hard to understand.

If by knowing this,someone is making 1Cr,I just want to make 10L without knowing it.

-ty

Bhai, sounds something like, if a commercial pilot can fly jet between Mumbai to New york, I can fly it atleast upto Nasik