Option Greeks measure how T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) 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.
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NVDQ 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 NVDQ Greeks charts?
Gamma, theta, and vega are largest for strikes near the NVDQ 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 NVDQ's Greeks?
NVDQ IV rank is 48, 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 58.0% to 205.7%. See the NVDQ implied volatility history for a longer view.
How much gamma and delta do NVDQ options carry in total?
Across all open NVDQ options on Nov 12, 2026, net gamma exposure was $15.37K and net delta exposure was $1.82M per 1% move in the stock. The NVDQ gamma exposure chart shows where that gamma sits by strike.