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Greek letters in options or what are known as Options Greeks are the mathematical parameters used in pricing an option and to determine the characteristics of an option. The greek letters are:

1. Delta : sensitivity of an option's price to changes in the price of the underlying asset.
2. Gamma : rate of change of an option's delta to changes in moneyness.
3. Theta : rate of decay of premium per day
4. Rho : sensitivity of an option's price to changes in risk free interest rate
5. Vega : sensitivity of an option's price to changes in implied volatility

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