Investors and traders interested in the foreign exchange market have a variety of products from which to choose. Options, which are typically associated with the stock market, can also be applied to the forex market. Delta is a measure of the change in option premium with respect to a change in the underlying, or spot, price. Gamma represents the change in delta for a given change in the spot rate.In trading terms, players become long gamma when they buy standard puts or calls, and short gamma when they sell them.
The Forex Options Course is a practical, hands-on guide to understanding and trading forex options.