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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 221.02+6.4%Jan 13 3:59 PM EST

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To: fyodor_ who wrote (32550)3/21/2001 5:40:23 PM
From: Neil BoothRead Replies (1) of 275872
 
That might be so, but we're not in the physics lab!

I'm a mathematician, and delta means a (vanishingly) small change in something (and it's the same thing, not 2 different things!). I believe it's the same for physicists. In fact, I'm sure it is.

Anyway, in financial markets there are only two terms: spread and basis. Basis tends to mean something a little different, though. In financial markets, delta means the rate of change of PV w.r.t. the underlying. Very common in swap, futures and option markets; but it tends to be renamed duration in bond markets. Also known as sensitivity to the underlying.

Neil.
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