Greeks Correlation

Strategies Position Delta Position Vega Signs Position Theta Signs Position Gamma Signs Long Call Positive Positive Negative Positive Short Call Negative Negative Positive Negative Long Put Negative Positive Negative Positive Short Put Positive Negative Positive Negative Long Straddle Neutral Positive Negative Positive Short Straddle Neutral Negative Positive Negative Long Strangle Neutral Positive Negative Positive Short Strangle Neutral Negative Positive Negative Put Credit Spread Positive Negative Positive Negative Put Debit Spread Negative Positive Negative Positive Call Credit Spread Negative Positive Positive Negative Call Debit Spread Positive Negative Negative Positive Call Ratio Spread Negative Negative Positive Negative

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Transcript of Greeks Correlation

Strategies Position Delta Position Vega Signs Position Theta Signs

Position Gamma Signs

Long Call Positive Positive Negative PositiveShort Call Negative Negative Positive Negative Long Put Negative Positive Negative PositiveShort Put Positive Negative Positive Negative

Long Straddle Neutral Positive Negative PositiveShort Straddle Neutral Negative Positive Negative Long Strangle Neutral Positive Negative PositiveShort Strangle Neutral Negative Positive Negative

Put Credit Spread Positive Negative Positive Negative Put Debit Spread Negative Positive Negative Positive

Call Credit Spread Negative Positive Positive NegativeCall Debit Spread Positive Negative Negative PositiveCall Ratio Spread Negative Negative Positive NegativePut Ratio Spread Positive Negative Positive Negative Call Back Spread Positive Positive Negative PositivePut Back Spread Negative Negative Negative PositiveCalendar Spread (Near) Neutral Negative Positive Positive

Covered Call Write Negative Positive PositiveCovered Put Write Positive Positive Positive