Trading Options Greeks

Trading Options Greeks by Dan Passarelli explains how option prices respond to changes in the market and how traders can measure those exposures. It introduces Delta, Gamma, Theta, Vega and Rho, connecting each measure to movements in the underlying price, time decay, implied volatility or interest rates. The book shows how these sensitivities interact across individual positions and an entire portfolio. It also examines delta-neutral trading, adjustments when volatility changes, matching strategies to time horizons and using software to monitor risk. Its practical approach connects option-pricing concepts with trade selection and position management. It suits intermediate and advanced options traders who want a more precise understanding of portfolio exposures, and it connects well with our guide on risk management.