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Greeks & Volatility

Delta, theta, vega, gamma — and the IV crush trap.

Intermediate · 5 video lessons · 10 minutes · 5-question video exercise · certificate

What you'll learn

• Delta: how much your option really moves with the stock.
• Theta: the daily cost of time, and when it speeds up.
• Vega and implied volatility: the hidden price tag on every option.
• And IV crush: how traders win on direction and still lose money.

Lessons

1. Delta: how much the option moves (2 min) — Delta turns a stock move into an option move. Learn to read it, size with it, and use it as a rough probability.
2. Theta: the cost of time (2 min) — Every option melts a little every day. Learn how fast, when it speeds up, and who gets paid for it.
3. Vega & implied volatility (2 min) — The hidden price tag on every option. Learn what IV means, how to read it, and when options are expensive.
4. Gamma: why options accelerate (2 min) — Gamma is why short-dated options can explode — or collapse — in minutes. Learn what it is and who it hurts.
5. IV crush: right direction, still a loss (2 min) — The most common way new option traders lose on earnings. Learn why it happens and how to stay on the right side of it.

Exercise and certificate

The course ends with a 5-question video exercise. Submit your answers, see your score and the reasoning instantly, and pass with 80% to earn the Greeks & Volatility certificate.

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