Ordinary People, Extraordinary Profits

Ordinary People, Extraordinary Profits

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As the index moves upward, the option, depending on how deep-in-the-money, will move proportionally to the security based on its underlying delta. ... The importance of delta in regard to put options is its use in determining the hedge ratio.

Title:Ordinary People, Extraordinary Profits
Author:David S. Nassar
Publisher:John Wiley & Sons - 2005-10-28


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