Greek signature
Definition · Level 5 · Greeks & volatility
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The pattern of signs a strategy has across delta, gamma, theta and vega as usually opened. Gamma and theta almost always have opposite signs, and in single-expiry trades long options mean long vega.
Example
Long straddle: delta near 0, +gamma, −theta, +vega.
Where Tradecraft teaches it
Level 5 · Greeks & volatility, in the lesson “Position Greeks and the risk report”: Add Greeks across legs, recognise each strategy’s signature and read a book in one line.
Related terms
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