Are you drinking? All ATM options have a .50 delta. ALL!!!!!!!! If a stock is at 100, what is the probability of it closing above or below 100? It's 50%!!!! So the 100 call has a 50 delta. I don't need to give you an example as basic math seems to be a challenge for you.
Give ONLY one example where delta is 0.5. If it is all, you should not have a problem to give an example.
TJ, pull up any option chain. Every one of them is a 50 delta. Seriously man, are you really this dense? I don't have time to go through and look for a stock that is sitting exactly ATM on the strike and take a screen shot to show you. They are all 50 deltas! My God kid.
Synthetic stock via options has the same P&L as the natural. It requires less margin (20% vs 50%) but has more slippage and commissions (2 legs instead of one).
Options are meant to give you many more ways to skin the cat (or be skinned). What you see as their use is not their only use.
You're being nitpick humped over technical details. An ATM call's delta is higher than a put's delta and the greater the interest rate, the IV and the time remaining, the greater the call's delta. So even if close to expiration with low IV and low carry rate, the call's delta will be fractionally higher than the put. So technically, what you have is someone who wants to prove to you that .501 can never be 1/2
Absolutely correct! If only new traders realize that before they fully engage the market, it will help prevent many future heartaches and frustrations that comes with the territory.