What is the difference between a delta and an option?

 What is the difference between a delta and an option?

A delta is a measure of the rate of change of the price of a derivative, such as an option, with respect to the underlying asset. An option is a financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price (strike price) on or before a specified date (expiration date). In other words, Delta is a measure of how much the option price changes relative to the underlying asset, while an option is a financial instrument that gives the holder the right to buy or sell an underlying asset at a specific price.










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