The Greek Letters: Rho, Vega, Theta, Delta, and Gamma

O

Omar Adnan

New member
Joined
Aug 22, 2010
Messages
0
Reaction score
0
I have recently written two posts related to the Greek letters for those interest. The first one is related to CFA level II and titled:
Option Pricing in Continuous Time: Black-Scholes Model and The Greeks
You can find it here: http://cfatutor.me/2013/07/23/option-pricing-in-continuous-time-black-sc...
The second one includes extra knoweldge for those interested in going beyond what the CFA books includes and shows how these greek letters are derived under a reading titled:
The Final Chapter in Black-Scholes World: How to derive the Greeks?
http://cfatutor.me/2013/07/26/the-final-chapter-in-black-scholes-world-h...
Finally, I provide you here with an excel sheet (macro enabled) to help you examine the effects of greeks on option prices:
http://cfatutor.files.wordpress.com/2013/07/blackscholes-greeks.xlsm
 
Vega is not a Greek letter.
Alpha, beta, gamma, delta, epsilon, zeta, eta, theta, iota, kappa, lambda, mu, nu, xi, omicron, pi, rho, sigma, tau, upsilon, phi, chi, psi, and omega are; vega isn’t.
 
Yeah S2000magician it is not but the whole collection of measures are called the greek letters for options
 
They’re called ‘Greeks’; not sure if they’re called ‘Greek Letters’.
 
Omar Adnan wrote:Yeah S2000magician it is not but the whole collection of measures are called the greek letters for options
Click to expand...
No: they’re called the Greeks, not the Greek letters.
 
And I called them the greeks in the original title - sorry for the typo here .. didnt think it was that much big of a deal :)
 
Whatever whatever. From what I have heard, the Greeks liked to insert things into other things, so inserting Vega into the Greek alphabet is only “fitting”. Remember Gerald Fitzpatrick and Patrick Fitzgerald?
 
Omar Adnan wrote:And I called them the greeks in the original title - sorry for the typo here .. didnt think it was that much big of a deal :)
Click to expand...
I also don’t think it’s that big a deal, but the title said (and still says) “Greek Letters”
 
S2000magician wrote:
Omar Adnan wrote:And I called them the greeks in the original title - sorry for the typo here .. didnt think it was that much big of a deal :)
Click to expand...
I also don’t think it’s that big a deal, but the title said (and still says) “Greek Letters”
Click to expand...
He is probably referring to the title there on his website.
 
Maggie88 wrote:
S2000magician wrote:
Omar Adnan wrote:And I called them the greeks in the original title - sorry for the typo here .. didnt think it was that much big of a deal :)
Click to expand...
I also don’t think it’s that big a deal, but the title said (and still says) “Greek Letters”
Click to expand...
He is probably referring to the title there on his website.
Click to expand...
+1 :)
 
Geez omar..what’s difficult about admitting that you weren’t as knowledgeable as you thought..
You’re right, it isn’t a ‘big’ deal, but i appreciate it when people, like s2000, clarify things for others.
 
You must log in or register to reply here.
Back
Top