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April 13, 2016 at 5:19 pm
#5386
IncomeLab (Old)
Participant
To calculate NET delta of the position, you take delta of each strike, multiplied by the number of contracts and add it all up.
Bear Call spread is delta -53 and Bull Put spread is delta +5. NET delta is about -48 or (-53+5). If you’re using TOS you can group trades to keep them separated, it helps me monitoring NET greeks of each position.