delta

Why Do Option Traders Beta Weight Gamma, and not Theta and Vega?

Most option traders can get delta, and even the weighting factor.  Gamma seems to be different; I often have new options mentoring students that do not have a full grasp of how gamma works.

Why Do I need to Beta Weight My Option Portfolio?

While I am not an Option Mentor, deep down I am a floor trader at heart.

AAPL out with Earnings, a Secretly Long Gamma, Long Delta trade!

Yesterday during the Mid Day Pit Report we discussed an interesting AAPL earnings play, one of the plays I liked involved buying AUG ATM calls in AAPL and selling more out of the money Sep calls to