The franc (â£) is the name of several currency units. The French franc was the former currency of France until the euro was adopted in 1999 (by law, 2002 de facto). The Swiss franc is a major world currency today due to the prominence of Swiss financial institutions.
On Monday, in a colorful strategy that options traders refer to as a call stupid, one trader bet $2 million that Microsoft could soar above $50 by the end of next week.
If you look at a call option into expiration, it has this risk profile: Yup. Itâs a Call Option. We know that if the option is out of the money, it will have no directional exposure (0 delta), and if the option is in the money it will behave like stock (100 delta).notice two different values for delta. The gamma of an option is the change of the delta relative to price.f you look at a call option into expiration, it has this risk profile: Yup. Itâs a Call Option. We know that if the option is out of the money, it will have no directional exposure (0 delta), and if the option is in the money it will behave like stock (100 delta).