Strike price to based on delta

Keyword help
#1

how to find the strike price for weekly option to make delta neutral?

for example i want to sell 1 lot weeekly option whose delta is near to 40approximate or near to -40approximate.

thanks.

1 Like
#2

any answer to this question so far

#3

You can use Strike Formula Fx and
Round - Value - Find Strike
- Base - 100 (100 for Bank Nifty & 50 for Nifty 50)
Find Strike - Underlying - NIFTY BANK
- Expiry - Select Expiry
- Field - Delta
- Value - Number
- Option_Type - CE or PE
- Results - Any
Select Expiry - (Select Expiry)
Number - You can specify Delta If Its 40 enter .40

Ok