4 Comments

Excellent write-up. I really enjoyed both the career advice and the greeks are everywhere. Hadn't really thought about it, but the idea of immediate payoff being an incentive can really warp what is important. Not sure about the need to be 100% on target (not sure that is even possible), but thinking that way is important as it does keep us close as opposed to "well this won't matter."

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Some thing's amiss here.. Applying your example to the ATM call. "correction ...I just realized why the ATM call does not have a fifty delta", however I still calculated two distinctly different delta's for the up and down cases 1.01 and .9 respectively. of course Delta's max limit is one but my concern is why the non equalities.

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