Options Delta
Delta measures option price sensitivity to underlying price changes.
Syntax
=mxls.opt_Delta(CurrentStockPrice, MarketOptionPrice, ExpiryDate, OptionType, StrikePrice, [RiskFreeRate], [ImpliedVolatility])Examples
=mxls.opt_Delta(150, 5, DATE(2024,6,21), "Call", 155)When to Use
- Hedge ratios
- Directional exposure
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Time decay | opt_Theta() |
Excel Templates Using Options Delta
These ready-made MarketXLS templates call opt_Delta() in their worksheet formulas. Open one to see the function working inside a complete model.
Related Formulas
More MarketXLS Options formulas you can use in the same worksheet:
- Options OI Leaders
- Options Total Volume Historical
- Options Volume Leaders
- Put Interest (Specific Expiry)
- QM Get Option Chain Active Dynamic
- QM Get Option Chain At The Money Dynamic
- QM Get Option Chain Dynamic
- QM Get Option Chain In The Money Dynamic
See opt_Delta used in a complete workbook: Options Data in ChatGPT with MarketXLS: Live Chains, Greeks, and Sentiment via MCP
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