[Verse 1] When option prices start to move around There's a Greek that shows what can be found Delta measures how the price will change When the stock moves up within its range For every dollar that the stock will climb Delta tells you profit every time [Chorus] Delta shows the price sensitivity Gamma shows how delta's gonna be Delta for the price, Gamma for the change Greeks will help you hedge and rearrange Delta shows the price sensitivity Gamma keeps delta in harmony [Verse 2] Call options have a delta positive side Put options make the delta negative ride From zero up to one for calls so bright From negative one to zero for put's flight Higher delta means more price connection Lower delta shows less price reflection [Chorus] Delta shows the price sensitivity Gamma shows how delta's gonna be Delta for the price, Gamma for the change Greeks will help you hedge and rearrange Delta shows the price sensitivity Gamma keeps delta in harmony [Verse 3] But delta's not a constant, it will shift Gamma measures delta's upward drift When gamma's high, delta moves around When gamma's low, delta's more stable ground At the money, gamma peaks so high In the money, out the money, gamma's shy [Chorus] Delta shows the price sensitivity Gamma shows how delta's gonna be Delta for the price, Gamma for the change Greeks will help you hedge and rearrange Delta shows the price sensitivity Gamma keeps delta in harmony [Bridge] Delta neutral hedging is the way Match your deltas, keep the risk at bay But gamma risk will make your hedge decay Rebalance often through the trading day [Chorus] Delta shows the price sensitivity Gamma shows how delta's gonna be Delta for the price, Gamma for the change Greeks will help you hedge and rearrange Delta shows the price sensitivity Gamma keeps delta in harmony [Outro] Price moves up, price moves down Delta and gamma keep you safe and sound
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