Option Greeks

Delta

Definition

What is Delta?

The estimated change in an option's price for a small change in the underlying price.

Example in practice

A call with 0.60 delta may rise about ₦0.60 when the share rises ₦1.

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The rate at which an option's delta changes as the underlying price changes.

The estimated loss in an option's value from the passage of time, all else equal.

The sensitivity of an option's price to a change in implied volatility.

Land and buildings held for use, rental income, development, or appreciation.

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