Time: 25 to 35 minutes · You'll need: a calculator or spreadsheet · Builds on: Lesson 18
Warm-up
Check yourself
You buy a call with delta 0.30 and sell a call with delta 0.45 on the same underlying and expiration, one contract each. What is the spread's net delta per share?
Check yourself
Which sign does a short option contribute to a position's theta and vega?