I thought to start this thread to revisit the topic of delta. Many incorrect things are written about delta, and a number of insights reside in people's mind but are not written down. Readers who have questions/comments/insignts related to delta can ask them here. If you came across good threads discussing delta, post links below. The issue of delta came up recently in thread on delta depreciation, and some questions about delta were debated. The link is: http://www.elitetrader.com/vb/showthread.php?s=&threadid=201844 Some questions to start the discussion: 1. What are the simplest ways to explain and interpret delta to a newbie? 2. What are the most common misconceptions about delta? 3. How do you use delta in practice to make money? 4. Did you ever lose money because of a misunderstanding/too much understanding of delta? 5. Anecdotes about delta.
Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye She's forty-one and her daddy still calls 'er "baby" All the folks 'round Brownsville say she's crazy 'Cause she walks downtown with her suitcase in her hand Lookin' for a mysterious dark-haired man In her younger days they called her Delta Dawn Prettiest woman you ever laid eyes on Then a man of low degree stood by her side Promised her he'd take her for his bride Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye Delta Dawn, what's that flower you have on Could it be a faded rose from days gone by And did I hear you say he was a-meetin' you here today To take you to his mansion in the sky-eye
Thought I'd add my delta analysis to this thread. I deliberately left out any text from the document in order to let the reader draw their own conclusions and to promote comments.
Good input, and interesting charts! I am interested in reading your conclusions. How did you get the real delta?