Greeks are metrics used to assess the risk and potential reward of options contracts. They help traders understand how different factors impact the price of these contracts.Delta measures how much an option’s price is expected to change with a $1 change in the underlying asset. Positive delta indicates a bullish view, while negative delta suggests a bearish stance.Gamma indicates the rate of change of delta. A high gamma means that delta could change rapidly, affecting the option’s price more significantly.Theta represents time decay. It shows how much an option’s price decreases as it approaches expiration, indicating the diminishing value over time.Vega measures sensitivity to volatility. It reflects how much the price of an option might change when the underlying asset’s volatility increases or decreases.Rho signifies the impact of interest rates on an option’s price. A higher rho shows that option prices are more sensitive to changes in interest rates. Understanding these metrics allows traders to make informed decisions about buying or selling options, managing portfolios, and navigating market risks.