Option Greeks Comparison
Greek Meaning Impact on Option Price Behaviour Best Usage Example (Nifty/Bank Nifty) Delta (Δ) Measures how much
Category: Option Greeks
Rho (ρ) – Measures Interest Rate Sensitivity
Rho measures how much an option’s price changes when interest rates rise by 1%. Call options have
Vega (ν) – Measures Volatility Sensitivity
Vega measures how much an option’s price changes with a 1% change in implied volatility (IV). Higher
Theta (Θ) – Measures Time Decay
Theta represents how much an option’s price decreases every day due to the passage of time if
Gamma (Γ) – Measures Delta Sensitivity
Gamma measures how much Delta changes when the underlying index moves by 1 point. Since Delta itself
Delta (Δ) – Measures Price Sensitivity
Delta represents how much an option’s price is expected to change when the underlying index (Nifty or