Max Pacella
Investment Analyst
Wholesale Investments
16 Jul, 2021

Welcome back to Weekend Reading.

Did you know that delta is the ratio that compares the change in price of an option, to that of a change in the underlying stock?

So, if there are 29 people infectious in the Sydney community this morning (stock), and we have 97 cases (option), what is the delta of Delta? And if we consider lockdown as a kind of “derivative strategy” over the amount of cases, and lockdown has already increased by two weeks, what is the delta of the delta of Delta?

No, cabin fever has not set in yet, why do you ask?

Let’s look back on the week.

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