Glossary / Instruments
Options greeks
Definition
Sensitivities of an option price to price, time, volatility and rates.
Why it matters
Delta, gamma, theta and vega explain why an option can lose money while the underlying goes your way.
Example
A 0.30 delta call gains about $30 per $1 move in a 100-share-equivalent contract, while theta of -0.05 costs $5 a day just from time passing.
How to track it in a journal
TradeStack calculates the core performance numbers — win rate, average win and loss, profit factor, expectancy, drawdown and consistency — automatically from imported trades, so options greeks stops being something you estimate and becomes something you read.
Related terms
Tick value
The dollar value of the smallest price increment of a contract.
Pip
The standard smallest price move in a currency pair, usually 0.0001.
Lot size
The trade unit in forex: 100,000 units for a standard lot.
Contract specifications
The exchange definition of a futures contract: size, tick, hours and expiry.
Keep reading
Trading journal guides
Expectancy, profit factor, drawdown, backtesting and the PDT rule.
Free trading calculators
Position size, risk-reward, expectancy and options profit.
Expectancy calculator
Expected profit per trade from your own numbers.
Broker CSV export guides
Step-by-step exports for Tradovate, NinjaTrader, IBKR and more.
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