Options fundamentals — gamma
![Options fundamentals — gamma](/content/images/size/w2000/2022/07/jan-canty-wyXdV4kveU4-unsplash.jpg)
In the previous post, we discussed delta and the implications of its hedging for markets. The next obvious greek is gamma, which is fundamental to describe vol trading, a specific strategy that a very active class of traders use to take advantage of their assumptions on market volatility.
Let's dig in.