Delta
The expected change in option price for a $1 move in the underlying.
Full Definition
Delta ranges from 0 to 1 for calls and 0 to -1 for puts. It also approximates the probability the option expires in-the-money.
The expected change in option price for a $1 move in the underlying.
Delta ranges from 0 to 1 for calls and 0 to -1 for puts. It also approximates the probability the option expires in-the-money.