easy · Quantitative Finance

A trader is using 'delta-gamma' hedging. They are long 1,000 calls with Δ = 0.5 and Gamma = 0.10.

If the underlying moves by Δ S = +$2, what is the estimated profit from the Gamma component alone?

  1. $2,000
  2. $400
  3. $200
  4. $100

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