Greeks and Volatility

First and second-order Greeks, implied volatility surfaces, smile dynamics and volatility-as-an-asset-class.

What this track covers

1. 01
   Delta & gamma
   Slope and curvature of option value in spot.
   12 min
2. 02
   Vega, theta, rho
   Time, vol and rate sensitivities, and why theta is negative.
   12 min
3. 03
   Implied volatility
   The number the market quotes when it doesn't quote a price.
   11 min
4. 04
   The volatility smile
   Why OTM options trade at higher vol than ATM.
   12 min
5. 05
   Vol-as-an-asset-class
   VIX, variance swaps, and trading vol directly.
   14 min
6. Quiz
   Quiz · Greeks check
   10 questions on Greeks, implied volatility, the smile and vol products.
   8 min

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