A stock Sept 30 call has a delta of +.60, and the stocks Sept 30 put has
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A stock Sept 30 call has a delta of +.60, and the stock’s Sept 30 put has a delta of -.50, with the price of XYZ currently at $28.00. The gamma for both the XYZ Sept 30 call and put is .07
a) What’s the delta of the call if the stock declines $1.00 to $27.00?
b) What’s the delta of the put if the stock declines $1.00 to $27.00?
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