Which counterparts of duration and convexity are the first- and second order sensitivities of an equity market instrument to changes in the price of the underlying?

Question

Quizplus · Accepted Answer

Delta is the first-order sensitivity of an option's price to changes in the price of the underlying asset, and gamma is the second-order sensitivity, similar to how duration and convexity measure sensitivity to interest rate changes for bonds.

Which Counterparts of Duration and Convexity Are the First- and Second