third-order

Questions

What does third-order mean?

Of or pertaining to third-order Greeks, used by portfolio managers and derivative traders to measure risk and the sensitivity of an option in regard to changes in implied volatility, time premium decay, and the price of its underlying security.

How to pronounce third-order

1. Open the pronunciation page — Open the Speakur entry for “third-order”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “third-order”.
4. Repeat and practice — Say “third-order” aloud, matching stress and vowels until it feels natural.