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What are the independent variables in the equity options

What are the independent variables in the equity options pricing model?

What is the most likely delta for an at-the-money call?

What is the most likely delta for an at-the-money put?

Why do some portfolio managers attempt to remain delta neutral?

Why would straddle writers not attempt to move away from delta neutrality?

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Finance Basics: What are the independent variables in the equity options

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Finance Basics: What are the independent variables in the equity options

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