Options 101: Gamma: Measuring the Changes in Delta

• What is the relationship between gamma and Delta?
• What are the properties of gamma? What is put-call parity?
• At the money options and gamma? Out of the money options and gamma? Time and gamma?

The Buzz: The low volatility regime continues: 7 of the 11 days in the past 20 years where VIX has been below 10% have occurred since mid-May 2017. Two studies, two different conclusion about alts & hedge funds.

Office Hours: Listener questions and comments:

Advisors Option Flash Poll. With $VIX hitting new lows and $SPX new highs, what is your financial advisor telling you about using #Options?

• Write covered calls?
• Buy protective puts?
• Do Both - Use Collars
• They Won't Touch Options

Listner Questions:

• Question from LCB - Hey guys. You mentioned on the show that this is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts?
• Question from TIM D. - How high do rates need to be before I need to worry about rho?