Convexity, Options Trading, Volatility Trading, Moontower, Option Greeks.
slope of your P/L with respect to the stock. If the stock goes up $1, you make $2,400. If the stock goes down $1, you lose $2,400 In fact, this is how pros combine their positions. They want to know their aggregate delta, or exposure due to changes in the stock price. In fact, pros may even use the