@trueconcxpt: Greeks are options larp kryptonite. Options aren’t “bullish/bearish”, they’re exposure to the vol surface. Delta/Δ = forward exposure (1st moment). Gamma/Γ = convexity (how fast delta changes). Theta/Θ = time decay / carry bleed. Vega/ν = variance exposure (2nd moment). Vanna/Ψ = skew exposure (vega shifts with spot). Volga/Λ = tails / vol-of-vol exposure (vega shifts with vol). Ignore skew + smile (smirk) and you’re blind to how wings get repriced. Ignore term structure and you miss that front vol moves more than back vol and can invert in selloffs. You’re trading surface dynamics: • level (IV up/down) • slope (term structure) • tilt (skew) • curvature (smile/tails) If someone “trades options” but skips Greeks + skew + term structure, they’re larping. #options #antilarp #volatility #risk