Option Greeks tell you almost nothing useful.


Delta. Theta. Gamma. Vega. Rho.
Here is what delta actually factors in:
Historical volatility.
Time left in contract.
Interest rates.
Directionality.
Here is what delta does NOT factor in:
EPS growth rate.
Revenue trajectory.
Whether the company has a moat.
Whether the market is a bubble.
Whether competition is about to eat the company alive.
You are looking through a microscope at 4 things.
Missing the whole picture.
Warren Buffett probably does not even know what delta is.
He just buys good companies at good prices and is patient.
Delta tells you a made up probability.
EPS growth tells you where the stock is going.
Use the right tool.
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