Definition, Examples & Resources:Delta'
Delta is one of the most common and important greeks in options trading. It provides the clearest view of the contracts risk/reward in the moment and many traditional options trading 'rules of thumb' are based upon delta.
Here are a few potential uses for Delta in your Brutus Options Ranker Strategy:
Delta can be found on the Strategy Tree Builder page within the Brutus Options Ranker under the Criteria List under the Greek Panel:
Specific Considerations with the Brutus Options Ranker
Delta can be either negative or positive. Sometimes when we talk about Delta we talk about it in absolute terms. This is simpler for trader speak, but use with Brutus is more specific. As such, if your objective is to minimize Delta, in effect you will be maximizing the negative value of delta. If you intend to minimize delta to 0, then you should use a target of 0 instead.
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