The change in price compared to the price of the underlying futues asset. A call is between 0 and +1. A put is 0 to 1. It shows how likely an option will be inthemoney on its maturity. AKA hedge ratio.
DELTA
The change in price compared to the price of the underlying futues asset. A call is between 0 and +1. A put is 0 to 1. It shows how likely an option will be inthemoney on its maturity. AKA hedge ratio.