Watch Option Greek Vega Implied Volatility Greek

Vega represents the amount by which an Option price will increase or decrease for a 1% change in the Implied Volatility of the stock. Vega is somewhat of an intangible, hidden Greek, which makes its impact incredibly powerful, with large effects on Option prices. Implied Volatility is a Wild Card because of this, and it would serve every Options trader very well to always have one eye on Vega