Comment on The Option Greeks (Delta) Part 1

Bharath N commented on 05 Nov 2018, 06:25 AM

Instead of making delta -ve for put options it would be simple to have them positive and to consider following formula for

New premium for put = old premium + ( strike – spot) * positive delta

Here if spot decreases below strike ,then strike > spot, overall premium is increment

If spot increases above strike then strike < spot, hence overall premium decreases

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