On today's Splash Into Futures, Anton from the Research Team reveals that when we place a trade, certain options Greeks like: theta, vega, and gamma as well as Probability of Profit are fully dependent on the other variables that we must consider first. Essentially, when you decide on the IV, price, strategy, delta, and expiration cycle, the other Greeks and POP are moot because they are already determined once you select the four factors above. The only Greek that matters beyond the first four factors is delta which has unique properties of its own.
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