Option Greeks measure how Turning Point Brands Inc (TPB) 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. TPB implied volatility is in the lower part of its one-year range, which keeps delta and gamma in a narrower range of strikes than usual.
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TPB 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 TPB Greeks charts?
Gamma, theta, and vega are largest for strikes near the Turning Point Brands 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 TPB's Greeks?
Turning Point Brands IV rank is 33, so implied volatility is in the lower part 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 32.8% to 161.4%. See the TPB implied volatility history for a longer view.
How much gamma and delta do TPB options carry in total?
Across all open Turning Point Brands options on Nov 4, 2026, net gamma exposure was $453.18K and net delta exposure was $23.68M per 1% move in the stock. The TPB gamma exposure chart shows where that gamma sits by strike.
What is Turning Point Brands Inc?
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S.