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As you can see from the wiki page, the delta of a put is $$\Delta = -e^{-qT}N(-d_1)= -e^{-qT} \left(1-N(d_1)\right)$$ Recall that this $\Delta$ is the derivative of the value of the put $p$ with respect to the value of the underlying stock $S$: $\frac{\partial p}{\partial S}$. So this means that if the underlying goes up by 1, the price of the put change ...

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