Greeks
·
9 min
Delta in detail
Direction sensitivity, probability proxy, hedge ratio. Three jobs in one number, with the same range across every chain.
In this lesson
- Three uses of the same number
- Delta across the chain
- Delta sharpens as expiration approaches
- Position-level delta
- Delta is not constant
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The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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