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Black-Scholes is a mathematical model used for pricing options.
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Accepted
Why is $N(d_2)$ not needed for hedging?
The point is the following:
Delta, $\Delta$, is defined as $\frac{\partial C}{\partial S}$, where $C$ is the value of the call option, and $S$ is the price of the underlying asset.
So, given that th …