Greeks
·
9 min
Gamma in detail
The curvature of delta. Highest where it matters most: at the money, near expiration. Where short premium positions go wrong.
In this lesson
- Gamma is highest at the money near expiration
- Long gamma vs short gamma
- The gamma-theta trade
- Why 21 DTE is the standard short-premium exit
Read the full lesson in the app
The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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