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Delta Hedge Tool
Simulate hedging any option position. Configure your position below, then use the hedge slider to see how adding shares changes your net delta exposure.
Position Configuration
Strike Price
$200
Contracts
1
Spot Price
$200
Implied Volatility (IV)
40%
Days to Expiration (DTE)
45 days
Shares
+0
Right
Side
Spot (S)
200
Strike (K)
200
Days to expiry (DTE)
45
Implied Volatility (IV)
40%
Option contracts
1
Hedge shares (drag to target Δ≈0)
0
Option Δ (per share)
-0.4720
Option Δ in shares
-47.20
Portfolio Δ (shares + options)
-47.20
Target shares for Δ≈0: 47
Portfolio Δ vs shares
🛠 This tool is in beta. Found a bug? Report it via the footer.
Free to try
Want to learn when to use this?
Module 1 is free and runs in your browser — no account, no payment. Drag a slider, see an option reprice, and decide for yourself whether the rest of the path is worth your time.
Try the first lessonFree — no signup