Convexity, Options Trading, Volatility Trading, Moontower, Option Greeks.
estimate of delta with respect to the Nasdaq, delta with respect to SP500, delta with respect to Eurostoxx, and so forth. It’s worth restating: Think of a position as a “delta” — the slope of your P/L to a market. Not All Deltas Are Created Equal Let’s compare the deltas of a long stock position vs