Answer-first summary for fast verification
Answer: Vega is greatest for at-the-money options with long maturities.
## Explanation Let's analyze each option: **A. Incorrect:** Theta is negative for long option positions (buying options), not positive. Theta represents time decay, which works against option buyers. **B. Incorrect:** Gamma is greatest for at-the-money options, not in-the-money options. Gamma measures the rate of change of delta and peaks when options are at-the-money. **C. Correct:** Vega (sensitivity to volatility) is highest for at-the-money options with long maturities. Longer-dated options have more time for volatility to impact their value, and at-the-money options are most sensitive to volatility changes. **D. Incorrect:** Delta of deep in-the-money put options tends toward -1, not +1. Put options have negative delta values. **Correct Answer: C**
Author: LeetQuiz Editorial Team
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Which of the following statements is true regarding options Greeks?
A
Theta tends to be large and positive when buying at-the-money options.
B
Gamma is greatest for in-the-money options with long maturities.
C
Vega is greatest for at-the-money options with long maturities.
D
Delta of deep in-the-money put options tends toward +1.
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