Which Greek letter is used to describe the ratio of change in the option price compared with change in the price of the underlying instrument, when all other conditions are fixed?
A) beta
B) gamma
C) delta
D) theta

Question

Quizplus · Accepted Answer

Delta is the Greek letter used to describe the ratio of change in the option price compared with the change in the price of the underlying instrument, holding all other factors constant.

Which Greek Letter Is Used to Describe the Ratio of Change