what is meant by gamma
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Gamma radiation or gamma rays are high-energy photons that are emitted by radioactive decay of atomic nuclei. Gamma radiation is very high-energy form of ionizing radiation, with the shortest wavelength.
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Step-by-step explanation:
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.
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