Algo Convention: Greeks Isn’t The Only Way When It Comes To Trading In Options

Option traders generally use what are known as Greeks—delta, gamma, theta and vega, which help measure the sensitivity of an option’s price—to deploy strategies, but Abhijit Phatak, research analyst at Define Edge Solutions, said there are unconventional ways to achieve the same.Straddles and strangles—which are strategies that involve buying and selling calls of same and different strikes, respectively—can be used by focusing on cha...