Question: What is delta conceptually and mathematically? Why would we need delta to establish a risk-neutral position? Provide a detailed explanation to get full credit.

What is "delta" conceptually and mathematically? Why would we need delta to establish a risk-neutral position? Provide a detailed explanation to get full credit.

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Delta is a concept used in finance particularly in options trading to measure the sensitivity of the price of an option to changes in the price of the ... View full answer

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