Thread by @SubhadipNandy16

Basic primer on options greeks via @YouTube

Made this video almost a year ago , Delta and Gamma in actual trading. Broad analysis, ignore the obvious mistakes . This again was made to explain simply

How rho affects options ( received question on this) :

https://twitter.com/SubhadipNandy16/status/1413891472236027906?s=19

Now this is a very interesting question and a correct question from a purely theoretical point of view. Read on the next tweets

The question is based on the assumption that the BSM is perfect and the absolute truth. In reality, it's NOT. The Black Monday of 1987 changed everything for ever. Do this exercise I hope you have access to any options analytics software

Take a 70 Delta CE and a 30delta CE. Keep everything constant and keep increasing the IV. See the deltas changing in front of your eyes. Now think why this happens 😃

I repeat, understanding greeks from a theoretical and a practical perspective are two totally different ball games. The insights I share are based on my practical experiences and may/will differ with the classical theoretical explanations

My video should raise questions in your mind , that's the idea. The 3 books referred in the end are your roads in finding those answers. I can answer in one line, but trust me it will be immensely gratifying if you find it by yourself.
The goal is to make you think!

Meanwhile, the Delta in detail ( posted just a part of this in the video)