Options Greeks Explained in Simple Hinglish (Delta, Gamma, Theta, Vega)

 

🔵 Introduction:

Options trading me profit-loss sirf price par depend nahi karta — bahut saari hidden cheezein hoti hain jise hum Greeks bolte hain.

Aaj hum Delta, Gamma, Theta, Vega ko itni aasaan Hinglish me samjhenge ki ek beginner bhi expert jaisa feel kare.

Aap index, stocks, weekly expiry sab me Greeks ka use

 kar sakte ho.

Homepage:

https://stockmarketgyan.in/

🔶 1. Delta – Price Move Ka Effect

Delta batata hai ki underlying price 1 rupee badhne par option 

kitna move karega.

✔ Simple Example:

Nifty 1 point upar gaya

Your Call Option ka Delta = 0.60

Option premium ≈ 0.60 points upar jayega

🟢 Call Options → Delta Positive

🔴 Put Options → Delta Negative

Delta Values:

ITM: 0.7 to 1

ATM: 0.5

OTM: 0.1 to 0.3

Delta = Direction + Strength ka indicator

🔶 2. Gamma – Delta Kitni Speed Se Badlega

Gamma ye batata hai ki Delta kitni fast change ho raha hai.

Gamma High कब होता है?

ATM options

Expiry ke near

High volatility days

Gamma trader ko risk + profit dono de sakta hai.

🔶 3. Theta – Time Decay

Options ka silent killer — jise aap soye hue bhi loss 

kara sakta hai.

Theta Means:

Har din options premium automatically kam hota hai.

Theta High कब होता है?

Weekly expiry

Thursday

OTM options

Low volatility

👉 Option buyer ka dushman, seller ka dost

🔶 4. Vega – Volatility Ka Effect

Vega batata hai ki IV (Implied Volatility) change hone par 

premium kitna move karega.

IV High = Premium High

IV Low = Premium Low

Event days me Vega sabse zyada kaam karta hai:

Budget

RBI meeting

Election

Results season

📌 Summary Table

Greek         Simple Meaning      Best For

Delta        Price change ka direct effect      Direction traders

Gamma    Delta kitni fast badlega            ATM scalping

Theta           Time decay                             Option sellers

Vega           Volatility effect.                     News/event traders

Old blog Market Crash Se Kaise Bache

https://www.stockmarketgyan.in/2026/01/crash-se-kaise-bach-smart-investors-ki.html

🧠 Final Learning

Options tabhi samajh me aate hain jab aap Greeks ko

 daily charts ke sath compare karte ho.

Market maths nahi — logic chalti hai. Greeks hi options 

trading ka engine hain.

Aise hi stock market se related tips ke liye blog ko follow karein