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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: waverider who wrote (9305)1/22/1998 7:35:00 PM
From: JZGalt  Read Replies (1) of 95453
 
The Delta of the option is a measure of how much it moves with the underlying equity. The more time involved before expiration the _lower_ the delta. The option doesn't move anywhere near as much as the stock. Near term options at or near the money move with a delta of close to 1.0 meaning the move in the stock is mirrored by the option.

Delta is calculated by some providers of options quotes. Stocksmart used to have this, but now they are a for pay site.

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Dave
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