13.5 Delt Delta(A)is the rate of change of the option price with respect f to the underlying △ Figure 13.2(p. 311) Option Price B ope A Stock Price Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, C 2003, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2003, Shanghai Normal University 13.5 Delta • Delta () is the rate of change of the option price with respect to the underlying • Figure 13.2 (p. 311)  =   f S Option Price A B Stock Price Slope =  •