Trading

Financial contracts whose value derives from an underlying asset — index, stock, currency, or commodity....

Sensitivity measures: Delta (price), Gamma (acceleration), Theta (time decay), Vega (volatility), Rho (rates)....

Market's expectation of future movement. High IV = expensive options. Quantxs tracks IV Percentile vs 1-year history....

Futures obligate both parties. Options give the buyer the right but not obligation — limited risk for buyers....