Delta: Difference between revisions
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imported>Doug Williamson (Update & add links.) |
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'' | ''Options.'' | ||
Delta is the slope of the curve of option value plotted against underlying asset price. | Delta is the slope of the curve of option value plotted against underlying asset price. | ||
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== See also == | == See also == | ||
* [[Call]] | |||
* [[Delta hedging]] | * [[Delta hedging]] | ||
* [[Delta neutral]] | * [[Delta neutral]] | ||
* [[Derivative]] | |||
* [[Gamma]] | * [[Gamma]] | ||
* [[Greeks]] | * [[Greeks]] | ||
* [[Low-delta option]] | |||
* [[Out of the money]] | |||
* [[Option]] | * [[Option]] | ||
* [[Put]] | |||
* [[Underlying asset]] | |||
Revision as of 15:34, 6 September 2016
1.
Options.
Delta is the slope of the curve of option value plotted against underlying asset price.
Mathematically, it is the first derivative of option value with respect to the underlying asset price.
It ranges between 0 and +/-1, depending on whether the option is a call or a put, and whether we have a long (bought) or short (sold) position in the option.
2.
More generally, any change in a variable, especially a financial variable.
