What is the meaning of kappa?

kappa is a Greek letter used in the financial industry to represent the sensitivity of an option's price to changes in the price volatility of the underlying.

Barry Goldsmith
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APABarry Goldsmith. (2010). kappa. Retrieved September 20, 2026, from http://smartdefine.org/kappa/definitions/1156777
ChicagoBarry Goldsmith. 2010. "kappa" http://smartdefine.org/kappa/definitions/1156777 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, kappa, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/kappa/definitions/1156777>.
MLABarry Goldsmith. "kappa" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/kappa/definitions/1156777>
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