What Delta Actually Tells You (And What Most Traders Get Wrong)
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What Delta Actually Tells You (And What Most Traders Get Wrong)
Delta gets thrown around constantly in options education.
"Sell the 0.30 delta call." "Buy the 0.70 delta LEAP."
Everyone nods like they understand it.
Most don't. Not really.
They know the shortcut — delta ≈ probability of expirin...