@Dave W yes, I never quite got why they even look at delta there – all that matters is the credit you are getting. If you can get a 25% ROI where the short strike is far enough OTM to allow for strong support above it, the deltas do not matter. But yet, they have all been taught that at Delta of .2 means a 20% chance of success, and that is all that can think about.
2022-07-25-options-a-4
November 30, 2022
1 min read
