What Is the Corresponding Delta Range for a Put Option?
The Delta for a put option ranges from 0 to -1. A deep out-of-the-money (OTM) put option has a Delta close to 0, indicating low price sensitivity.
A deep in-the-money (ITM) put option has a Delta close to -1, meaning its price moves almost dollar-for-dollar in the opposite direction of the underlying crypto's price.
