I was not sure where to post this question so I ask on the general forum.
I have a portfolio of options and equity and I would like to know my “total” exposure to a sector
I would like to calculate the “direct” exposure of options in a portfolio.
I was thinking converting my option into an equity like position like this: Delta * stock price * contract size…
But maybe I should just add the value of the option to the value of the stock to get my total exposure…
Thank you for your help