As you approach the next level in your options trading mastering the pricing characteristics of these derivatives is a necessity. A general knowledge of a group of variables known as “The Greeks” will help to clear some of the cloudiness surrounding the changes that option prices undergo. The first Greek letter to introduce is delta which is mathematically considered the first derivative of the price action. Delta is arguably the most important Greek symbol and is the one that you should pay the most attention to. Delta is dependent on where the stock is trading relative to the strike price ...