I know delta gives approximation of an option probability for in the money (for calls) But it is not exactly the same value. Almost all platforms use the PoP metric but how exactly is it calculated and what is the formula for it?
I know delta gives approximation of an option probability for in the money (for calls) But it is not exactly the same value. Almost all platforms use the PoP metric but how exactly is it calculated and what is the formula for it?
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