Delta neutral options strategies, also known as non-directional income strategies, are used to create positions that aren't likely to be affected by (relatively small) movements in the price of a security. This is achieved by ensuring that the overall delta value of the position is kept as small as possible.
Robert Sarian will review the various types of delta neutral strategies and will discuss the basics of non-directional income strategies and consider their pros and cons. We will also take a look at some of the more sophisticated techniques that are popular these days.Choose a Direction, or Not. Non-Directional Options Strategies - Robert Sarian