Option Greeks measure how Affirm Holdings Inc (AFRM) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. AFRM implied volatility is near the middle of its one-year range, so delta and gamma cover about their usual range of strikes.
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AFRM Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the AFRM Greeks charts?
Gamma, theta, and vega are largest for strikes near the Affirm stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect AFRM's Greeks?
Affirm IV rank is 53, so implied volatility is near the middle of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 47.8% to 90.1%. See the AFRM implied volatility history for a longer view.
How much gamma and delta do AFRM options carry in total?
Across all open Affirm options on Nov 4, 2026, net gamma exposure was $3.03M and net delta exposure was $156.44M per 1% move in the stock. The AFRM gamma exposure chart shows where that gamma sits by strike.
What is Affirm Holdings Inc?
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025.