What is the rate of change delta for ATM, ITM and OTM options. Nifty is at around 17500 right now. Delta for ATM option is usually 0.5 if the volatility is normal. What is the change in delta for each strike interval like 17450, 17400, 17350 or 17550. 17600, 17650 and so on? does delta change for every 50 points interval for strike price the difference as in option chain of nifty?
The further your strike price is from the spot price, the lower will be the option delta. To learn more, check out this module on option greeks on Zerodha Varsity.
This is not a constant. It can keep changing.
Yes. The tradable strikes are in intervals of 50 points. The delta would be different for each strike in theory, even if the intervals were lower.