Show Notes: http://www.optionalpha.com/show44   Options traders often reference the "Greeks" which include delta, gamma, vega and theta of their underlying positions as a way to measure the sensitivity of an option's price to market movements. And while looking at option greeks can be helpful, there's also a big misconception about them... one that trips a lot of traders up early on in their career. Most traders falsely assume that the "Greeks" are part of an options price - but they are NOT part of option pricing. Option greeks are used only to estimate what an option price might do reacting to specific market changes. Seems like a simple error but the resulting consequences could be the difference between winning and losing on your next trade. In today's show, I'll run through each for the four major options greeks and tell you which ones you should be focusing on as you plan your next trade and how checking the greeks can help with choosing the right options strategy.