What are the options Greeks?

The Greeks are risk sensitivities: Delta (price sensitivity), Gamma (delta sensitivity to price), Vega (IV sensitivity), Theta (time decay), and Rho (rate sensitivity). They quantify how an option's value responds to changes in market variables.

What is the most important Greek?

Depends on strategy. Delta matters most for directional traders. Gamma matters most near expiry and at-the-money. Vega matters most for volatility traders. Theta matters most for premium-selling strategies. Professional traders monitor all five.

What is dealer gamma exposure?

Aggregated short gamma positions held by options dealers. When dealers are short gamma (net short options), they must buy underlying as price rises and sell as it falls to stay delta-neutral — which amplifies moves in both directions. Long gamma positioning has the opposite effect.

How does portfolio-level Greek tracking help?

Tracking aggregate market-maker Greeks reveals where amplification is concentrated. If BTC dealer short gamma is concentrated at $60K, a move through $60K triggers cascading hedging flow. Sharpe surfaces portfolio-level Greek exposure from Deribit OI to anticipate these amplification zones.

Skip to content

SharpeTerminal
/

Derivatives

Funding RateGU
FuturesGF
OptionsGO
Insider SellingGB
Pump & DumpGV

Arbitrage

Spot–Perp Arbitrage
Cross-Exchange Arbitrage

Screener

DEX ScreenerGD
Token ScannerGZ
Gem FinderGG
Rug CheckGR

Sectors

HeatmapGH
NarrativesGT
Exchange ListingsGY
EcosystemsGK
MemecoinsGE
Sector TrackerGS
Chain TrackerGC
StablecoinsGJ

Sentiment

MindshareGI
NewsGN
Web TrafficGW

Research

CorrelationGL
Market CapGM
Coin CompareGX
Price PredictionGP

Projects

KatanaGQ

Support
Feedback

Greeks

Terminal
Options
Greeks

Greeks — Crypto Options

Greeks — Crypto Options