Assertion: straddle's position delta | /r/HasProperty | negative
Facets:
Source sentences:
text: If the stock price is above the strike price of the short call at expiration of the short strangle, the position delta is negative, because the delta of the long call approaches +0.90 and the delta of the in-the-money expiring short call approaches −1.00.
text: If the stock price is below the strike price of the short put at expiration of the short strangle, the position delta is positive, because the delta of the long put approaches −0.90 and the delta of the in-the-money expiring short put approaches +1.00.