By Guy Bower of www.guybower.com*
If you have been trading options or warrants for even just a little while, you’ve come across the concept of the delta. It is a relatively simple concept that acts as a measure of the rate of change in an option’s price versus a change in the underlying market.
If you find a simple book on options or look at some of the brochures and information from various exchanges, you’ll see the concept of the delta receives some attention, but not much. This is also true for many of the warrant seminars and marketing materials you see.
