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What Is the Theoretical Maximum and Minimum Value for a Call Option’s Delta?

Minimum is 0 (deep OTM); maximum is 1 (deep ITM).
Greeks.Live04.11.25

What Is the Theoretical Maximum and Minimum Value for a Call Option’s Delta?

The theoretical minimum value for a call option's Delta is 0. This occurs for deep out-of-the-money (OTM) calls, meaning the underlying crypto price is far below the strike price.

The theoretical maximum value is 1. This occurs for deep in-the-money (ITM) calls, meaning the underlying price is far above the strike price.

Delta values for a call option always fall within the range of 0 to 1.

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