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Slovník pojmů a strategií
pro obchodování opcí
Kompletní slovník opcí: strategie, pojmy, řecká písmena a postupy pro výpis opcí. Přehledně, srozumitelně, pro začátečníky i pokročilé. Naučte se obchodovat opce efektivně.
Greeks
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Rho
Sensitivity of the option price to changes in interest rates.
Detail
Rho shows how much the option price will change if the risk-free interest rate changes by 1%. For example, a rho of 0.05 means that if rates increase by 1%, the option price will increase by $0.05. Rho is especially important for long-term options.
Rho measures how a change in risk-free interest rates will affect the price of an option. An increase in interest rates typically increases the price of call options and decreases the price of put options. For short-term options, rho has little effect, but for long-term options (LEAPS), it can be significant. In a rising interest rate environment, call options tend to increase in value.
Optimal conditions
When expecting a change in interest rates, especially for long-term options.
Max profit
It does not determine directly, it depends on the chosen option strategy.
Max loss
It does not determine directly, it depends on the chosen option strategy.
Risks
Change in rates against the position (e.g., rising rates may reduce the value of put options).
Greeks
It measures the effect of interest rate changes on the price of an option.
Variations
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Usage example
I buy calls on SPY if I expect rates to rise. I avoid long puts if rates are rising.
DTE
Rho is more significant for long-term options.
IV (implied volatility)
Independent of IV, but rate changes can affect sentiment and indirectly IV.
Premium
Higher rates increase the premium of call options.
Margin
Indirect effect (margin depends on the overall risk of the position).
Poznámky
The smallest of the Greek letters in terms of influence on the option price, but important when it comes to rate changes (FED, ECB decisions).
Tags
rho, interest rates, Greek letters, rate sensitivity
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