Option Gamma | Top Guides to Understanding Gamma Option Gamma | Changing Delta ExposureLearn how an option's Delta exposure changes with the stock price. Gamma | The Ultimate Guide The most in-depth guide on how an option's delta changes when the stock price rises or falls. Start here if you're new to the Greeks. Learn About Gamma → Long & Short Gamma Long gamma and short gamma indicate how an option position's directional exposure will change when the stock price increases or decreases. Learn About Position Gamma → Back to Greeks ➜ Back to Free Guides ➜