gamma

Free SPX Gamma? Don't Mind if I Do

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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.

What happens to the Gamma of In or Out of the Money Options when IV increases

When I am working with option mentoring students, for the most part they can figure out At-The-Money options.

Why does Gamma fall when Implied Volatility Increases?

As many of you know, at Option Pit we are kind of the volatility experts (which when you think about it, kind of makes us the trading experts).  One of t

Implied Vol and Gamma

One of the real misconceptions I have seen out of retail traders is volatility.  Many do not realize that it actually affects every part of the Greeks.  Remember, the Greeks are not real,