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Pro Tips · Sep 4, 2026

Put Delta Is Not an Assignment Forecast

Delta estimates price sensitivity, not a promise about assignment. A −0.30 example separates a ••• price response from the full ••• purchase obligation.

PRO#wheel#options-education#delta#assignment
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Photo: Tobias Deml · Wikimedia Commons · CC BY-SA 4.0 · crop / recadrage

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3 min read

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Delta estimates the change in an option’s premium for a ••• move in the underlying stock, with other pricing inputs held constant. A purchased put has negative delta: its value generally falls when the stock rises. Selling that same put reverses the position’s exposure. A…

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