Comment on The Option Greeks (Delta) Part 1

Karthik Rangappa commented on 30 May 2017, 06:31 PM

Remember, the delta also showcases the probability of an option closing ITM. For example, if the delta is 0.7, it also means there is a 70% chance of the option closing ITM. So when a trader pays for a higher premium strike, he is looking for a brighter chances of closing ITM.

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