Greeks are killing me

[Serdar7891]

Just wanted to say that Greeks are killing me. Position gamma, delta, theta are soooo confusing, its crazy. grrrr. Just want to cry.

 

[Flashback]

Don't bother too much with calculations. At least, I didn't except for delta already learnt with BSM. Keep it with delta and gamma and delta & gamma hedge. Also, you need to know explain the meaning of each symbol and how is related to put and call AO and EO. Learn also specifics of greeks for some exotic options because the meaning and use of greeks might be completely different on some.

 

[Serdar7891]

Thank you. I will try to do so, because they are just so confusing its crazy.

 

[David Harper CFA FRM]

Hi @Serdar7891 I just completed a playlist on youtube that includes a sequence on the greeks. (I'm honestly really proud of it). It's here, it's twenty videos, from FRM T4-1 to FRM T4-20 but the greeks start at Option Delta (FRM T4-13) https://trtl.bz/2Jo4oZy

 

[Serdar7891]

Super, thank you David. I feel that I understand the concept and I do okay on questions, but it takes only one confusing question to "question" my understanding of Greeks.

Just want to add after watching videos: videos are absolutely gold. Really nice work on them.