# Gamma

### Change in Gamma for Short Term expiry vs Long Term expiry

<figure><img src="https://929344964-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5nf3g52cn0PXZ0Xzzs9m%2Fuploads%2FJF3oSN34c8EHBoCGVAb9%2Fimage.png?alt=media&#x26;token=59e1067e-5496-4d12-8e22-c83c44e97a9a" alt=""><figcaption></figcaption></figure>
