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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

gamma  

Definition 1.

A measurement of how fast delta changes, given a unit change in the underlying futures price.
 

Definition 2.

The rate of change for delta with respect to the underlying asset's price.
 

Definition 3.

The ratio of a change in the option delta to a small change in the price of the asset on which the option is written.
 
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