Etymology

DdeltaDtime

D2D2E1L1T1A1D2T1I1M3E1

Today it means: A second-order measure of derivative price sensitivity, expressed as the instantaneous rate of change of delta with respect to time. Full definition →

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The story

From the mathematical formula -(∂Δ)/(∂τ), the partial derivative of delta (Δ) with respect to time (τ), pronounced as "D delta (by) D time".

Etymology from Wiktionary, CC BY-SA 4.0.