Delta, Gamma, Theta and Vega in Multi-Leg Trades

Every options position carries Greek exposure. This segment breaks down how Delta, Gamma, Theta and Vega behave across condors and butterflies.

0:00 Introduction: Greeks Overview
0:46 Gamma: Speed of Delta
1:10 Theta: Time Decay (Positive for Short Premium)
1:28 Vega: Volatility Sensitivity (Short Vega)
2:21 Delta and Gamma: Risk Concentration
3:11 Delta Drift Toward Short Strikes
3:34 Gamma Most Negative at Short Strikes

Register to view the complete Four Legs, One Position: How Condors and Butterflies Are Built webinar: https://bit.ly/4gmJCWo.