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How Does ‘Delta’ as a Greek Measure Risk in Options Trading?

Delta measures the sensitivity of an option's price to a $1 change in the underlying asset's price. A Delta of 0.50 means the option price is expected to change by $0.50 for every $1 move in the underlying asset.

It also represents the approximate probability of the option expiring In-The-Money.

What Greek Letter Measures the Sensitivity of the Option Price to the Underlying Price?
What Is the ‘Delta’ of an Options Contract?
How Does ‘Delta’ Relate to the Probability of an Option Expiring ITM?
What Is the Relationship between Delta and the Probability of an Option Expiring In-the-Money?