Vomma risk in 5-delta options can exacerbate losses for sellers of far out-of-the-money options

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The risk for traders selling far out-of-the-money options is compounded by Vomma, a second-level Greek that measures how quickly Vega (option price sensitivity to implied volatility) changes, which peaks around 5-delta options, leading to substantial pain even if the option doesn't go in-the-money.