We know calcs. You know the greeks are just a label for calcs, and charts are a graphical representation for price movement, right? Oldtime programmers work mostly in numbers.
This type of willful ignorance of something that is easily learned is genuinely baffling to me. It it some kind of extreme anti-intellectualism? Misplaced "too cool for school" attitude from high school. Just general belligerence and obstinance? A "I completely understand the concept of Delta but refuse to use your imperialist word for the concept because it conspires to continue to keep the man down" kind of thing? Something else?
Read my post again. Just because you know labels doesn't mean you understand the calculations. Like I said programmers work with calculations and numbers not labels. Must be over your head.
So it sounds like it's "I completely understand the concept of Delta but refuse to use your imperialist word for the concept because it conspires to continue to keep the man down" then. Interesting. For a few hundred thousand years at least humans have been coining generally accepted words for more complex concepts, it makes conversation about those concepts so much easier. There are plenty of things to go around shaking your fist at in the world, the concept that we come up with agreed upon words to explain more complex subjects seems an odd cause to take up against. I'm an electrical engineer, run a software company, and therefore have worked closely with more than my fair share of people who we'll charitably say are more comfortable with code than conversation, but I've never run into this particular quxiotic rant before. I guess there's a little of the "general belligerence and obstinance" going on with you as well. Good luck with all that.
When a program is written it has no concept of delta. But it can calculate delta. Get it? It's just a label for a calculation <-- fully spelled out for you. FYI they didn't have option greeks a few hundred thousand years ago. Like you said it's merely used for conversation by option greek nazis, like yourself. I can easily wrap my option greek functions into an api and sell them to option conservationist. I guess there's a market for novice algo traders based on your belligerence ...
If you can't dazzle them with brilliance you can baffle them bullshit...double for Sig or beta of 2. You'd cry if i showed you my returns ...
No need to be upset. It seemed like both sides argued and agreed on the same things but with different languages. I can actually appreciate both sides of the arguments. From personal experience, I programmed Black Scholes in my computer a long time ago but the natures of option nonlinearity, convexity and optionality did not reveal themselves to me until I read some of your posts and understood the true meaning of the greeks. If I want to know the behaviors of option prices to external perturbations from my software, I don't really need delta, gamma.... However, I also realized that knowing the greeks made calculating/predicting the outcome from perturbations a lot quicker/easier. I suspect lylec305 is a techie so the greeks were implicit in his software. Maybe Maverick and Sig came from a finance background and in that case the greeks are a very quick and convenient way to analyze their options without having to go back to their software? Cheers.