1 option contract = 100 shares

CFA Level III Derivatives
#1

As it is nothing given in the vignette, should we assume that 1 option contract = 100 shares?

Thanks

#2

That is the standard unless noted otherwise

#3

Thanks Galli.

#4

Galli, you look over the delta hedging from a dealer perspective incorporating a benchmark? Do you understand that ish?

#5

Only thing I’ve seen about delta hedging from the dealer’s perspective is going long/short the underling.

What’s this thing about a dealers benchmark?!