Delta - Share installment

[Preston]

This is open to all guys who trade in geared instrument. What is the purpose of a Delta in respect of a share installment eg BAW share installment from OST has a 100% Delta.

[#2]

dont quote me on this but 100% delta means you get 100% of the movement in the share price whereas 50% you would only get half the movement of the actual share movement?

[Preston]

Thanks TZ

[SimonPB]

preston, TZ is correct. And as per your other Q, the delta does change, but with a share instalmet it really needs a large move to make that happen, such as the HAR crash, that saw the instalment delta drop to around 50% (if I recall correct).