The Greeks, practically

A book is handed to you marked delta neutral. Four other numbers on the same sheet are not zero, and one of them costs you money before the market opens. This course teaches you to add up a risk sheet and say in one sentence what the book is actually exposed to.

₹499/- ₹0

Offer ends in 5 days

1,000 seats total 254 left

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Six things you will be able to do

12 units, 60 minutes. Every one of them ends with something you can do.

01 Turn one dial at a timeA Greek is one input moved by one unit with everything else standing still. That definition does most of the work.
02 Restate delta as unitsThe position expressed as units of the underlying, with shares or rupees attached to the figure.
03 Watch a hedge go staleGamma as the reason the delta you neutralised this morning is wrong by the afternoon.
04 Read the number that arrives anywayTheta lands whether or not anything happens. Learn to expect it before the day starts.
05 Spot the move with no moveVega, and why a book can lose money on a day the underlying barely traded.
06 Add a sheet up and speak itTotal the lines to position level and say in one sentence what the book is exposed to.

What changes after this course

You stop reading the delta line and calling it flat, and start reading all five, with the units attached to every figure.

A risk sheet added up to position level, from a book you did not build

One sentence naming what the book gains or loses for a one unit move in each input

Every figure quoted with its units, which is the commonest error on the sheet

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