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Delta Neutral

Position with zero net delta

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What is Delta Neutral?

Delta Neutral A position with zero net delta, meaning it doesn't profit or lose from small moves in the underlying. Profits from other factors like theta or vega.

Complete definition

A position with zero net delta, meaning it doesn't profit or lose from small moves in the underlying. Profits from other factors like theta or vega.

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By Ryan Silk & Lawrence Polatchek Last reviewed . Methodology is published in full.

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