Options Crash Course: The Greeks - July 2, 2021 - Vanna in Options Explained

published 3 weeks ago by tastytrade, Inc.

In this penultimate episode of the Greeks Crash Course, we dive into Vanna. As Vanna measures how delta changes when implied volatility changes, it offers the unique perspective of how our directional biases will shift when volatility shifts. Furthermore, given the tastytrade approach of preferring Short Puts over Short Calls, we will naturally be net long Vanna, so we learn how to navigate the risks associated with that exposure.

more episodes from The tastytrade network