 बिस्मिल डाई एरख्मान greenhouse  उगर उसकी फूल नपाल अतिये बढ़ from these移 समसिल मैं क्या र� economy is छदी लेको का लेको है या गिछी क focal भी me गेमा should have effect of protecting traders positions from movement in the options of delta. डेल्ता जो च्यंज होग़ाय का तो हमेर गेमा से जर्गात करने। डेल्ता जो लिए गों बहुylene between minus one and two, plus one. जिस मेंग हों भी लोग़े लीजे थी के। कोल नस लिए आप जीवो से 1 तक मुप कर सक्ता है Analyze the output of output of A. Dynamical Heading When we say dynamic that means changing Because the value is changing the movement of the underlying When we say dynamic, that needs to be adaptable And changes such that it can capture that movement Is Delta hedging of non-linear position Using linear instruments like spot positions, As the underline's value move up or down the delta of nonlinear position change while that of linear hedge does not linear fix तो लब स्टाटेक हो गई उस में जेनिया आगी जो देल्टा कैप्च्यर आप उस में पैक आब रहा होता आप यू किन यूस देल्टा तो हेज अप्ष्यन्त बाई फिर्ज दिटामनिग वेदे तो भाई और सेल अंडलाईंग अप्षिन यूस को आप बाई बाई यूस के आप आप यूस को रहा है. अपनी ने बाई आप यूस के आप बाई ज़ाई करते है. option is add the money the market price is equal to strike price for call however point five delta is when strike price equals your market value any add the money page of this situation for example suppose you buy a 15 call option contract your call option contract with the multiplier of 100 each has 500 components in it with the delta of point two now point two positive you are long on data definitely because you are in positive data involvement so you must sell data to create delta neutral position because by default in this position because we are in positive position so we need to sell deltas to capture it position and then we see the movement in it next you need to find the quantity of underlying asset you need to hedge to find the deltas quantity you multiply the absolute value of the delta number by the multiplier so you can see quantity is 300 how we come up to that point two is the delta into 15 number of contracts times 100 therefore you must sell the amount of underlying to be delta neutral so for this you will sell with the quantity of 300 so your delta will be neutral because you have come to the positive delta in the options you can see it's 300 share in which we have captured all these contracts the delta is no longer offset so the linear hedge has to be adjusted increase or decrease to restore the delta hedge because the way the situation changes so we have to adapt ourselves you remember we would use the word dynamic so dynamic there is an application here that when there is a change we have to capture with it this continual adjusting of linear to maintain delta is called dynamic hedge thank you