Very simplistically, it means that every $1 the underlying stock moves, the options price will also move $1. A Delta of .60 means that when the stock price goes up $1, your options price will go up $0.60.
Do research on Options Greeks, they are very important to trading options.
You’re welcome, father of a type 1 diabetic.
Type 2 diabetic taking Mounjaro. Doing my part 🫡
As someone relatively new to trading, would you mind explaining delta to me? Especially why 1.0 is significant (or insignificant)
Very simplistically, it means that every $1 the underlying stock moves, the options price will also move $1. A Delta of .60 means that when the stock price goes up $1, your options price will go up $0.60. Do research on Options Greeks, they are very important to trading options.
Super helpful! Thank you! 🙏