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A delta is the sensitivity of the options price in relation to the stock price. For example, if an option has a delta of .1,

A delta is the sensitivity of the options price in relation to the stock price. For example, if an option has a delta of .1, then this means that a $1 change in the underlying stock, the option will have a $0.1 change in the option. change in option price = delta * change in stock price.

Assume that a call option for tesla has a premium of 334.594 and a delta of 0.240, what is the price of this option if tesla's price changes by 63.671?

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