Option Question about Delta

You can join in now. I'm at the Maxwell House sipping their brew as we speak. Virtual gots to taste better.

 

I just had a capp made by my Tassimo. Highly recommended and world's better than the K-Cup machines.

 

So don't use delta for an ATM $3-strike either? How about a $5 strike?

 

K-Cup's suck and are crazy expensive.
I'm not a coffee connesuir. Folgers instant for me!

 

The Tassimo cappuccino (two discs) are $1/cup, so not cheap. Roughly equivalent to the SBUX capp, w/o the bitterness. The Tassimo has a barcode reader and adjusts to the temp and pressure.

I've never had instant, so I'll have to try it some day.

 

Now you done done it!1

 

That's pretty high tech. I don't think the K-cups are very high tech.

The nicest two things about instant coffee are it's cheap (like 4 cents/cup) and it's fast (hot water, add coffee, stir, milk, sugar, done).

 

Since there is no European option you have an example of this for, I don't feel like answering.

 

I don't know what you mean by "don't use delta." It is not a probability, so in that sense it should not be used to predict ITM probability.

Delta will tell you approximately how much the option will move for a $1 change in underlying...I think I've said this five times already.

 

The CFA Institute would not be happy with this sort of talk right here...