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Kappa \ See Vega
The ratio of the dollar price change in the price of an option to a 1% change in the expected price volatility.
Used in regression analysis, Kappa is the ratio of the dollar price change in the price of an option to a 1% change in the expected price volatility.
A measure of the rate of change in an option"s theoretical value for a one-unit change in the volatility assumption.