hard · Quantitative Finance

A trader is long a delta-neutral portfolio of options with a total position Gamma of +2,000 and a daily Theta of -1,900. If the underlying stock moves by 1.50 over one day, what is the approximate net Profit and Loss (P&L) for the trader?

  1. -$1,900
  2. +$2,250
  3. +$1,100
  4. +$350

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