- CFA Exams
- CFA Exam: Level II 2021
- Study Session 14. Derivatives
- Reading 38. Valuation of Contingent Claims
- Subject 6. Option Greeks and Implied Volatility

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**CFA Practice Question**

The delta of one long share of stock is ______.

B. 0

C. -1

A. 1

B. 0

C. -1

Correct Answer: A

It is 1 by definition.

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**User Contributed Comments**
1

User |
Comment |
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xn0315 |
can someone please explain why the delta of one long share is 1 and one short share is 0? |