What is the meaning of Gamma?

Gamma is the second derivative of an option. It measures the expected change in the delta given a change in the underlying instrument.

Barry Goldsmith
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APABarry Goldsmith. (2010). gamma. Retrieved September 20, 2026, from http://smartdefine.org/gamma/definitions/1154784
ChicagoBarry Goldsmith. 2010. "gamma" http://smartdefine.org/gamma/definitions/1154784 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, gamma, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/gamma/definitions/1154784>.
MLABarry Goldsmith. "gamma" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/gamma/definitions/1154784>
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