Delta is a number, and numbers are not directional. The word "directional" often is used to refer to the effect of market movement on the value of...
In theory, as time till expiration increases, ITM and OTM options should asymptotically approach absolute value of 0.5 (half unity). I am looking...
I have tried very hard to hedge my option positions. Sometimes I am successful, but the reward significantly diminished. Having traded various...
I looked back at the 1927 and 1987 crash. All the major indices lost 1/4 to 1/3 of their values in a few days. In today's terms, that is similar...
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