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The Greeks
Tyler Krett
Wednesday 14 December 2022
Vomma
Vomma is the rate at which the vega of an option will react to volatility in the market. It is a second-order derivative for an option’s v
Vomma
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Darren Krett
Friday 10 February 2023
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Ultima
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The Greeks
Ultima is the rate at which the vomma of an option reacts to volatility in the underlying asset. It is a third order derivative of the option value with respect to volatility. Ultima is a derivative of vomma, which is a derivative of vega. Ultima is part of the group of measures known as the 'Greeks' which are used in option pricing and analysis. Other measures include delta, gamma, rho, and theta.
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The Greeks
Darren Krett
Monday 19 December 2022
Vera
Also known as Rhova. Second order Greek which measures sensitivity of option price to small changes in volatility and interest rates, sensit
Vera
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