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A Wal-Mart call option has a delta of 0.5. Suppose you are short two shares of the Wal-Mart stock and long three such Wal-Mart call

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A Wal-Mart call option has a delta of 0.5. Suppose you are short two shares of the Wal-Mart stock and long three such Wal-Mart call options in your portfolio. The portfolio's delta is - 1.0 -0.5 3.5 O 1.5

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