How to use Find Strike to choose strike on the basis of Delta

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#1

I want to choose current week strike of Bank Nifty option which has Delta around 0.20

How to use Find Strike for that purpose.

Is that syntax is right

Find Strike on Delta
Find Strike on Delta1083×479 17.7 KB

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#2

Pls check this

image (2)
image (2)869×629 52.2 KB

#3

Yes, it is correct.
However instead of “lesser”, i recommend to choose “any”.

When the time passes and expiry is near, “any” will be useful.

#4

I want to select strike price based on Delta of traded instrument. Can anyone guide me how to find strike ?

1 Like
#5

Use FindStrike Keyboard seeking the desired strike price for particular delta