How is delta useful in determining the potential profitability of an options strategy?

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Finance

How is delta useful in determining the potentialprofitability of an options strategy?

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Delta of an option is a rough measure of the probability of the stock being in the money at expiry The delta is calculated using the BlackScholes formula Consider the example    See Answer
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How is delta useful in determining the potentialprofitability of an options strategy?

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