Heard Sosnoff Say:
Ideally, when adjusting, delta of put should be 1/2 that of call (for strangles).
A TastyTrader's Journey
Heard Sosnoff Say:
Ideally, when adjusting, delta of put should be 1/2 that of call (for strangles).
Heard Sosnoff say:
Chances of price closing at strike price at expiration = delta
Chances of price touching strike price = 2 x delta