The Document

Login Subscribe Now
June 16, 2011

Delta Neutral

My gold trade got slightly more complicated today. As noted in yesterday's letter, I was looking for immediate weakness in the price of the yellow metal when I acquired my slug of puts. Since that weakness did not materialize, I decided to take my book delta neutral. Here's how it works: at the current price/time, my put options have a delta of -0.3377, or roughly ...

 

Login to read full article.

Recent Newsletters

Macroeconomic Blog | Cycle Trading Newsletter | TrendBands Fund | Library | About | Contact Us | Members