What Is the Delta Range for a Deep OTM Call Option?
The Delta range for a deep OTM Call option is typically very close to zero, usually below 0.10 or 0.15. This low Delta signifies a very low probability of the option expiring ITM.
It also means the option's premium will only change by a few cents for every dollar change in the underlying asset's price, reflecting its minimal sensitivity to small price movements.
