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    What are different option Greeks?
    Greeks What it Measures Example Calculation Impact on Option Price
    Delta Measures how much option premium changes when the underlying price moves A call option is trading at ₹20 with delta =0.5, if the stock rises by ₹10, the option price increases by Rs. 5 (₹10*0.5) Option Price rises from ₹20 to ₹25
    Gama Measures the rate of change in delta Delta is 0.5 and Gamma is 0.05. If the stock rises by ₹10, Delta becomes 1.0 (0.5+0.05*₹10) Future stock moves will have a bigger impact on option price
    Theta Measures time decay in option premium Option price is ₹20 and theta =₹-2 per day. If one day passes and nothing else changes, the option loses ₹2. Option price falls from ₹20 to ₹18.
    Vega Measures the impact of volatility changes Option price is ₹20 and vega = 0.4. If the volatility rises by 5%, the option gains ₹2 (0.4*5) Option price rises from ₹20 to ₹22

    Greek numbers are hypothetical

    What are the benefits of Option Greeks? Which option Greek is most important for beginners? What option Greek is most used on Expiry days? Why does Gamma increase near expiry? Why do Option Greeks change frequently? Why do Option Greeks slightly differ across different broker platforms? How can I access Option Greeks on ICICI Direct? What are Option Greeks?