It's true especially for day trading; anything below .01 will not change the premium even if the stock moved by 1-2%.
There's a bit of confusion here. Greeks indicate semi-quantitatively/qualitatively where risk exists for an option position. Position greeks of an inventory can't be discerned from a price chart.
Hey Spin, No flak. The Greeks are used to measure risk. If a trader doesn't want to measure risk, that's his/her business. Mark
You have some very bad misconceptions. 1) A broker doesn't give you anything 2) The person with whom you trade - the person who takes the other side of the spread - that's the person who fills your order. that's eh person who 'gives' you a price. 3) The market maker is thee to get 'better than mid-point' prices. Why would you anticipate hat anyone would want to fill your order at such prices. As the retail trader, you pay worse than mid-point. Mark
Hey Mark, LTNS No flak back atcha As I stated, I just don't see what Greeks will do for a covered call writer. You know you buy price and premium received. You know your cost basis, return if unchanged, return if assigned, etc. Every day you know where you stand - stock gain or loss and premium decay/change. What's alpha, beta, vega and schmega going to tell you that's so important?