Definition, Examples & Resources:Gamma'
Gamma is an important greek to include in nearly all your Brutus Options Ranker strategies. You can add the Gamma criterion by dragging it into your Strategy Tree, however, the objective you set will be dependent on the type of strategy you are trading:
If your strategy is net-long options then you will want to maximize gamma. Increased gamma will allow you to get paid faster (increasing delta) for a favorable move in the underlying (stock).
If your strategy is net-short options, then you will want to minimize gamma. High gamma will compound losses experienced in unfavorable moves in the underlying (stock).
Gamma can be found on the Strategy Tree Builder page within the Brutus Options Ranker under the Criteria List and the Greek Panel
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