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>> No.30254655 [View]
File: 213 KB, 926x448, What can Delta do for you options greeks.png [View same] [iqdb] [saucenao] [google]
30254655

>>30254402
I would not frame it as "delta risk" but rather "delta probability"

Remember that the definition of delta is " the amount an option price is expected to move based on a $1 change in the underlying stock. " but here is the real useful fact about delta:

delta almost linearly correlates to the probability of an option finishing out the money.

So that is why far otm stocks have a low delta, they are gambles. low probability of expiring out the money. so they are cheap. lotto tickets.
>>30254549
Yup. I expect they will drive up CRBP sometime tomorrow or next week.

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