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For a vanilla option, delta will be a number between 0.0 and 1.0 for a long call (or a short put) and 0.0 and −1.0 for a long put (or a short call); depending on price, a call option behaves as if one owns 1 share of the underlying stock (if deep in the money), or owns nothing (if far out of the money), or something in between, and conversely ...
Delta (/ ˈ d ɛ l t ə / DEL-tə; [1] uppercase Δ, lowercase δ; Greek: δέλτα, délta, ) [2] is the fourth letter of the Greek alphabet. In the system of Greek numerals, it has a value of four. It was derived from the Phoenician letter dalet 𐤃. [3] Letters that come from delta include the Latin D and the Cyrillic Д.
The Greek alphabet has been used to write the Greek language since the late 9th or early 8th century BC. [2] [3] It was derived from the earlier Phoenician alphabet, [4] and is the earliest known alphabetic script to systematically write vowels as well as consonants. [5]
Uppercase and lowercase Greek letter delta, from the times.ttf font included with standard XOrg X Windows installations. Intended to replace Image:Delta.png . Category:Greek letters
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Theta (UK: / ˈ θ iː t ə /, US: / ˈ θ eɪ t ə /) uppercase Θ or ϴ; lowercase θ [note 1] or ϑ; Ancient Greek: θῆτα thē̂ta [tʰɛ̂ːta]; Modern: θήτα thī́ta) is the eighth letter of the Greek alphabet, derived from the Phoenician letter Teth 𐤈. In the system of Greek numerals, it has a value of 9.
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Latin theta (uppercase: ϴ, lowercase: θ) is an additional letter of the Latin script, based on the lowercase letter theta from the Greek alphabet. It is used in Cypriot Arabic , Gros Ventre , Comox , Fox , Thompson , Tuscarora , Halkomelem , Wakhi , Yavapai , Havasupai–Hualapai , and Romani . [ 1 ]
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