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Basic Question 18 of 32

The delta of one long share of stock is ______.

A. 1
B. 0
C. -1
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User Contributed Comments 1

User Comment
xn0315 can someone please explain why the delta of one long share is 1 and one short share is 0?
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

interpret each of the option Greeks;

describe how a delta hedge is executed;

describe the role of gamma risk in options trading;

define implied volatility and explain how it is used in options trading.

CFA® 2025 Level II Curriculum, Volume 5, Module 32.