Delta (Δ) - Price Sensitivity
💡 Adjust the sliders to see how Delta changes with different parameters
Call Delta
+0.50
Rate of price change for calls
Put Delta
-0.50
Rate of price change for puts
Moneyness
ATM
Position relative to strike
Understanding Delta
Positive Delta: Profits when stock rises (long calls, short puts)
Negative Delta: Profits when stock falls (long puts, short calls)
Delta Neutral: No directional bias (market neutral strategies)
Theta (Θ) - Time Decay
💡 Watch how time decay accelerates as expiration approaches
Daily Theta
-$2.50
Value lost per day
Weekend Decay
-$7.50
3 days of decay over weekend
Decay Rate
Accelerating
Speed of time decay
Gamma (Γ) - Delta Acceleration
💡 Gamma shows how quickly Delta changes - crucial for risk management
Gamma Value
0.02
Delta change per $1 move
Risk Level
Moderate
Gamma risk assessment
Delta After Move
0.50
Updated Delta value
Vega (V) - Volatility Sensitivity
💡 See how implied volatility changes affect option prices
Vega Impact
$0.15
Price change per 1% IV move
IV Rank
Medium
Historical volatility context
Strategy Signal
Neutral
Volatility trading opportunity
Rho (ρ) - Interest Rate Sensitivity
💡 Rho matters most for LEAPS and long-dated options
Rho Value
0.05
Price change per 1% rate move
Significance
Low
Impact on option price
Strategy Greeks Profile
💡 Click on strategies to see their Greeks profile
Bullish Strategies
Long Calls, Short Puts
Δ
Θ
Bearish Strategies
Long Puts, Short Calls
Δ
Θ
Neutral Strategies
Iron Condors, Butterflies
Δ
Θ
Premium Collectors
Covered Calls, Credit Spreads
Θ
Γ
Volatility Buyers
Straddles, Strangles
V
Γ
Volatility Sellers
Short Straddles, Condors
V
Θ
3D Options Surface
💡 Click and drag to rotate the 3D surface. Scroll to zoom.
3D Surface Legend
Loss → Breakeven → Profit
X-Axis: Stock Price | Y-Axis: Time to Expiry | Z-Axis: Option Value/P&L