Welcome to Greek Week!
For traders who are new to options, one of the most daunting things to learn are 'The Greeks', however these risk indicators are essential to being a successful options trader.
So to make learning about The Greeks a bit more fun, we are doing a week-long Greek Week NFT Drop!
Every day, we will post an informative tweet thread about one of The Greeks, and and at the end of the thread will be an NFT drop for that day's greek!
The NFTs will be dropped via "mystery boxes" which contain a random NFT. Keep an eye out for some of the rare ones!
Mystery boxes can be claimed by the PowerTrade community:
- PTF Holders +1 box
- PTF Vesters +1 box
- PTF Stakers +3 boxes
This means if you are staking any PTF you have not claimed from the vesting contract, you could get up to 5 boxes!
You get these boxes for each of the 5 greek drops!
Tuesday, Sept 7 - 2pm UTC
Delta - "Hedge Ratio"
Delta is the rate of change of your option price relative to every $1 move in the underlying.
Tweet thread: https://twitter.com/PowerTradeHQ/status/1435237755500519429
NFT Drop: https://galaxy.eco/powertrade/campaign/151
Wednesday, Sept 8 - 2pm UTC
Gamma - "Rate of Change"
Gamma measures the change in Delta. It's a second order derivative because it doesn't measure the change in the Options value, it measure the change in the thing that measure the change of the options value ie. Delta.
Thursday, Sept 9 - 2pm UTC
Theta - "Time to Decay"
Theta refers to the rate of decline in the value of an option due to the passage of time.
Friday, Sept 10 - 2pm UTC
Vega - "Sensitivity to Volatility"
Vega is the measurement of an option's price sensitivity to changes in the volatility of the underlying asset.
Saturday, Sept 11 - 2pm UTC
Rho - "Sensitivity to Interest Rate"
Rho is the rate at which the price of a derivative changes relative to a change in the risk-free rate of interest.
NFT Minting Tips
Click the 'Claim Mystery Box' button via Galaxy, connect your Metamask wallet and with the default transaction settings loaded on the Metamask pop up - follow the steps below:
- Click 'Edit'.
- Select 'Fast' gas option.
- Click 'Advanced'.
- Adjust the 'Gas Price (GWEI)' between 40-80 (may need to wait approx. 24 hours).
- Do not adjust the 'Gas Limit'.
- Click 'Activity' to view pending transaction.
- If transaction has not gone through a while, click 'Speed Up' which will take you back to step #4. Increase the gas price slightly and repeat process.
See the chart to lookup your rarity https://docs.google.com/spreadsheets/d/1RaxpDK91Z8Nocwt7S_ijKGA-Jf_cAwRYQxRyeqKUCkg/edit#gid=0