What are the option Greeks and how can I see them in the platform?

Understanding Option Greeks

Option Greeks are key metrics used to assess how sensitive an option’s price is to various market factors. They provide valuable insights into the risk and reward profile of an option position and are visible on the platform within the FX option trade ticket.

Key Greeks Explained

• Delta
  Represents the equivalent FX Spot exposure of an option position. It measures how much the option value is expected to change in response to a one-point move in the underlying spot rate.

• Gamma
  The rate of change of Delta relative to movements in the spot price. It indicates how much Delta will shift if the spot price changes by one percentage point.

• Vega
  Measures the sensitivity of the option’s value to changes in implied volatility. A positive Vega means the position gains value when volatility rises and loses value when it falls.

• Theta
  Also known as time decay, Theta shows how much the option’s value is expected to change as time passes, typically reflecting the daily loss in value as the option approaches expiry.

Viewing FX Option Greeks on the platform

The FX Option Greeks are visible in the trade ticket and Option chain.

For existing positions, Greeks are available in the Positions module either as a column or via a simple right-click (Greeks).

It is also possible to see aggregated Greeks by grouping positions by Underlying and enabling the Net Greek exposure.

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