Can any one help with using Delta key word. I am trying to exit a position in a set in repair once condition when Delta of the position reaches certain value. But seems like it is not working. Any issue with below condition?
Why you are using ‘Multiplier’ for comparing Delta. Delta is independent of Multiplier. Remove multiplier. It should work.
What does Delta returns?. Does it return underlying delta of strike price (between 0.01 to 0.99) ? Or is it actual positional delta based on quantity.? I mentioned multiplier considering following formula for actual position Delta.
Position Delta = Underlying Delta of current option * lot quantity * number of lots.
It returns current delta value of a particular strikes of underlying