Can you explain Greeks to me and also what good values are in each?

The Greeks are mathematical calculations used in options trading to measure different factors that affect the price of an options contract. They help traders evaluate the risks and potential rewards of options positions. Here are the four main Greeks and what they represent:1. Delta: Delta measures the likelihood that an option will expire in-the-money (ITM), meaning its strike price is below (for calls) or above (for puts) the underlying security’s market price. It ranges from 0 to 1, with higher Delta indicating a higher probability of ITM expiration.2. Gamma: Gamma measures the rate of change of Delta as the stock price changes. It helps traders estimate how much the Delta of their options might change if the stock price shifts.3. Theta: Theta measures the rate at which an option’s value decreases as it approaches expiration. It helps traders understand how much value an option might lose each day.4. Vega: Vega measures the sensitivity of an option’s price to large price swings in the underlying stock. It helps traders assess the impact of volatility on their options positions.These values are theoretical and based on mathematical models. Traders use them to make informed decisions about which options to trade and when to trade them.