Position Greeks

Discussion in 'Options' started by LanceJ, Sep 5, 2019.

  1. LanceJ

    LanceJ

    For example
    1) I have positive delta options sold and negative delta options sold. The combination would look like this?
    Sold call delta .371 + Sold put delta -.245
    Positition delta = -.126 ?

    2) I have negative delta option bought and negative delta option sold.
    Bought put delta -.279 + sold put delta -.151
    Position delta = -.128 ?

    Thank you for checking
     
  2. tommcginnis

    tommcginnis

    You have two negatives in example 2, but that aside --
    Yes: position greeks are additive for the same (underlying) contract.
     
  3. cvds16

    cvds16

    you really should buy a basic book on options since this is really basic
    the way you put it's it's not understandable: if you are both short the call and short the put you have to add the short positive call delta (so a negative) and short the minus put delta (so both times a negative make a positive) in example 1 so that's -.126
    in example 2 you most likely mean bought -.279 delta minus short put delta so that last one makes a positive +151 delta leading to position delta of -128