Option Greeks measure how American Water Works Company Inc (AWK) 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. AWK implied volatility is near the bottom of its one-year range, which keeps delta and gamma in a narrower range of strikes than usual.
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AWK 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 AWK Greeks charts?
Gamma, theta, and vega are largest for strikes near the American Water Works 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 AWK's Greeks?
American Water Works IV rank is 5, so implied volatility is near the bottom 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 17.4% to 136.6%. See the AWK implied volatility history for a longer view.
How much gamma and delta do AWK options carry in total?
Across all open American Water Works options on Nov 4, 2026, net gamma exposure was $1.93M and net delta exposure was $39.38M per 1% move in the stock. The AWK gamma exposure chart shows where that gamma sits by strike.
What is American Water Works Company Inc?
American Water Works is the largest investor-owned US water and wastewater utility, serving nearly 4 million customers in 14 states.