Define Delta and Explain How a Delta of 0.5 Is Interpreted

Delta is the first-order Greek that measures the rate of change of an option's price relative to a change in the underlying asset's price. A Delta of 0.50 means that if the underlying cryptocurrency price increases by $1, the option's price is expected to increase by approximately $0.50.

Delta also represents the approximate probability that the option will expire in-the-money. A 0.50 Delta option is considered at-the-money.