The understanding of option Greeks is not mandatory to begin algo trading. While option Greeks, such as delta, gamma, theta, vega, and rho, are essential for options traders to gauge and manage risk, algo trading can be initiated without an in-depth understanding of these concepts. Algo trading platforms often provide pre-built strategies or user-friendly interfaces that allow traders to automate trading strategies without needing specific knowledge of option Greeks. However, having familiarity with option Greeks can be advantageous for advanced strategy development and risk management in algo trading involving options.On the uTrade Algos platform, you can engage in options trading with uTrade Originals strategies even if you lack expertise in option Greeks. Understanding the logic, backtesting, and assessing strategies' effectiveness can provide valuable insights. With Originals, analysing the market environment enables the creation of diverse strategies, thus offering potential benefits without in-depth knowledge of option Greeks.Read more about them here.
Is the knowledge of option Greeks mandatory to start algo trading?