Hi guys, I am interested in learning more about greeks and about how to use them for hedging. Can you please recommend some resources to learn more about this? Thanks.
Here are some links. https://www.lightspeed.com/trading-education-center/ https://www.optionseducation.org/en.html Keep in mind, that if you zero out all the greeks, you have little risk, little opportunity for profit. You need to decide what greek you are willing to risk money on based on your assumptions.
I'm big on https://en.wikipedia.org/wiki/Greeks_(finance) as my usual starting point. If I can narrow search terms down further, I can put those terms into a search engine for more detail. And most entries have some very solid and timely[!!] footnotes. As well, you can use wikipedia to gain search terms and then tour https://www.tastytrade.com/tt/home (I know. I know. But they've gotten better in the last few years. [n=small sample, but what the hell.]) For the last 2? weeks, I've been re-learning Black Scholes Merton niceties to sharpen the portfolio management portions of my spreadsheets, and I've been doing exactly what's above here. Just this morning, it's taken me to Sweden, Germany, Columbia (NYC)..... great stuff. And some of it was not available on the last little tour... 2016, maybe. Sweet, that.
The book by John Hull. It will teach you what the Greeks are, what they represent, and how they fit into the “grand unified theory” of how options work.