You purchase a call option with a delta of .34. If the stock price decreases by $2.00,
Question:
You purchase a call option with a delta of .34. If the stock price decreases by $2.00, the price of the option will approximately:
a. Increase by $.34.
b. Decrease by $.34.
c. Increase by $.68.
d. Decrease by $.68.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted: