Delta of a straddle

MediumFinance & Derivatives~3m

A call has delta $0.65$ . Using put–call parity, what is the delta of a long straddle - one long call plus one long put at the same strike and expiry?

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$\Delta_{\text{put}}=\Delta_{\text{call}}-1$ .
Straddle delta $=2\Delta_{\text{call}}-1$ .

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0.3 (± 0.001)

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Delta of a straddle

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