medium · Quantitative Finance

A risk manager monitors a delta-neutral portfolio of 50,000 shares with a position-level gamma of 2,000 and a daily theta of -$1,900.

If the underlying asset moves by $3 in one day, what is the approximate net profit or loss for the day?

  1. +$9,000
  2. +$4,100
  3. -$1,900
  4. +$7,100

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