Articles on: Keywords/Strategy Logics

How to use find strike with delta?

You can find a strike closest to a particular delta value by using the Find strike keyword in the format shared above. In here you need to note that the value selected must be in a decimal format. Thus 33% delta will be 0.33. Also, note that PE will be negative 0.33 The shared keyword must be used in the strike FX of the position builder.

Find strike selects the strike closest to the given delta value. Greeks are calculated based on the LTP of instruments in the option chain, if any instrument is illiquid, its delta may not be correct if LTP is significantly different from bid-ask at a given instant.

Updated on: 15/05/2023

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