Configure position parameters and run delta hedging simulation
Delta Hedging
Delta hedging neutralizes directional risk in an options position by continuously buying/selling the underlying stock to offset delta.
P/L Driver: The gap between implied vol (what you sold) and realized vol (what actually happened).
Short Gamma: If IV > RV, short options + delta hedge = profit from theta. Pocket the vol premium.
Long Gamma: If RV > IV, long options + delta hedge = profit from realized moves exceeding implied.