The Delta of an Option Refers to the Change in the Value

question 15

Multiple Choice

The delta of an option refers to the change in the value of an:

• A)option for a large unit change in the price of the underlying security
• B)option for a small unit change in the price of the underlying security
• C)underlying security for a small unit change in the price of the option
• D)underlying security for a large unit change in the price of the option

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Definitions:

Odorants

Chemicals that are detected by the olfactory system, leading to the perception of smell.

Pheromones

Chemical substances produced and released into the environment by animals, affecting the behavior or physiology of others of its species.

Menstrual Cycles

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, typically a 28-day cycle.

Tastants

Chemical compounds that stimulate the taste receptors on the tongue.