Option Greeks

How important are option Greeks for level 2 ? Are the internet relations of option Greeks with each other and factors such as implied volatility important ? In the curriculum there is no such information but there are a lot of published articles highliting the relationships

There are two of them which are the most important. Also try to remember impact of all on both options’ price.

It is easy to remember that one of those really isn’t Greek letter and it measures volatility of underlying.