Greeks Tectonics
37 Greeks, 22 ratios across 5 analytical tiers for Bitcoin. Observe how higher-order derivative relationships behave across the options surface.
Greek Genealogy Tree
Each indentation level represents one additional partial derivative. Click any Greek to explore.
Greeks Order:
Price Sensitivity
Derivatives with respect to underlying price S
Volatility Sensitivity
Derivatives with respect to implied volatility σ
Time Sensitivity
Derivatives with respect to time t
Strike Surface
Derivatives with respect to strike K
Derived Ratios
Composite metrics
Delta
∂V/∂S
First-Order GreeksConvexity Chain
Differentiates w.r.t.:S (Spot)
What it measures
How much the option price changes when the underlying moves by $1. The most fundamental directional sensitivity.
When it matters
Every trade. Delta is the first thing any options trader looks at. In crypto, 5-10% daily moves make delta management a survival skill.
Crypto context
A BTC call with delta 0.6 means if BTC rises $1,000, the option gains ~$600. During flash crashes, delta hedging creates cascading selling pressure.
Heatmap drill-down guidance
When Delta lights up in the heatmap, check Spot Price in the drill-down. A spot move is the direct trigger.
↓ Child Greeks (higher order)