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===Beware of {{tag|Greeks}}=== | ===Beware of {{tag|Greeks}}=== | ||
... [[delta]] (see what I did there?) against the underlying stock is .08 or greater. (Pro tip: a delta of 1 gives a one-for-one correlation with the delta on the [[underlying]]. A delta of -1.0 does the exact opposite of what the underlyer is doing. a delta of 0 means the two products are correlated at random | ... [[delta]] (see what I did there?) against the underlying stock is .08 or greater. (Pro tip: a delta of 1 gives a one-for-one correlation with the delta on the [[underlying]]. A delta of -1.0 does the exact opposite of what the underlyer is doing. a delta of 0 means the two products are correlated at random). | ||
The calculation is cumulative so even if the delta threshold isn’t met in one transaction, it may be as a result a connected transaction. | The calculation is cumulative so even if the delta threshold isn’t met in one transaction, it may be as a result a connected transaction. |