# The Greeks

*Derivatives & Options — Finicade finance glossary*

The Greeks are the sensitivities of an option's price — delta, gamma, vega, theta and rho — the dials a trader watches to hedge a book.

The sensitivities of an option's price, each named after a Greek letter: delta (to the underlying's price), gamma (to delta itself), vega (to volatility), theta (to time passing) and rho (to rates). They're the dials a trader watches to hedge a book.

**Also known as:** greeks

**Related terms:** [Delta](https://finicade.com/glossary/delta), [Gamma](https://finicade.com/glossary/gamma), [Vega](https://finicade.com/glossary/vega), [Theta](https://finicade.com/glossary/theta), [Rho](https://finicade.com/glossary/rho)

**Taught in:** Hull Street — The Options Desk Exam

Source: https://finicade.com/glossary/the-greeks