CFA Practice Question

There are 227 practice questions for this study session.

CFA Practice Question

From the BSM formula, we can obtain a put option's delta as approximately ______.

A. N(d1) - 1
B. N(d2) - 1
C. 1- N(d1)
Correct Answer: A

User Contributed Comments 2

User Comment
nieuwed Why isn't it 1-N(d_1)?
xn0315 for put, the delta is -N(-d1), 1-N(d1) is only the N(-d1). Add "-" to both side of the (1-N(d1)=N(-d1) equation and you will get "A"
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