Stocks : Market Neutral :: Bonds : Immunization :: Options : Delta Hedging
Also, Bonds : Convexity :: Options : Gamma
(can’t think of an equivalent for stocks)
Thoughts?
Stocks : Market Neutral :: Bonds : Immunization :: Options : Delta Hedging
Also, Bonds : Convexity :: Options : Gamma
(can’t think of an equivalent for stocks)
Thoughts?
well… i guess it could be the 2nd order derivative with respect to whatever underlying factor that moves a stock price - which could be alot of things.