In fact, if you look at an options chain with delta and probabilities, you can see that they are all about the same. In other words, there is a linear relationship between delta and probability.

At 03:30 pm the shares of the company ended the day lower, down 7.43 per cent to Rs 2,280.15 because investors were booking profit post-March results with a spurt in volume by more than 16.05 times on BSE.

Many traders use normal support levels defined by a demand zone to set up stop losses. However, in this method, many traders ignore the speed of volatility.