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).

Gamma, theta, and vega are largest for strikes near the Granite Construction 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.

Granite Construction IV rank is 8, 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 23.9% to 174.5%. See the GVA implied volatility history for a longer view.

Across all open Granite Construction options on Nov 4, 2026, net gamma exposure was -$12.39K and net delta exposure was $1.54M per 1% move in the stock. The GVA gamma exposure chart shows where that gamma sits by strike.

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States.