A trader working for a financial institution sells 30 CALL option contracts (i.e. 30,000 options) on a certain stock. The option price is $13, the stock price is $101, and the option's delta is 0.5.

How many shares should the trader buy to create a delta-neutral position?

(required precision 0.01 +/- 0.01)

Greeks Reference Guide:

• Delta = /S
• Theta = /t
• Gamma = (²)/(S²)
• Vega = /
• Rho = /r