Question

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what is gamma​

Answer 1

Gamma is the rate of change in an option's delta per 1-point move in the underlying asset's price.

Answer 2

Answer:

Gamma is the rate of change in an option's delta per 1-point move in the underlying asset's price. Gamma is an important measure of the convexity of a derivative's value, in relation to the underlying. A delta hedge strategy seeks to reduce gamma in order to maintain a hedge over a wider price range.

Explanation:

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