Cryptic crossword clue
Greek character from western half of island 3

The most common and most likely answer to this crossword clue is the 3 letter word RHO

I've seen this crossword clue in The Times
R
H
O


Buddy explains!

The straight part
We know that "Greek character" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case greek character = rho.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does RHO mean?

RHO noun
  1. The seventeenth letter of the Modern Greek and Classical alphabets and the nineteenth letter of Old and Ancient.
  2. The sensitivity of the option value to the risk-free interest rate.

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