Managing Trade Delta Using SPY Explained

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[AlbyTheMovieCreator]

I don't understand why it's so important to manage portfolio delta. If I have 10 different positions opened, each of them in a different stock (TSLA; NVDA; F etc..), why do I have to care about the weighted delta? These stocks behave differently and they're not correlated, so what's the purpose of tracking delta associated with SPY? 

Let's suppose that I have weighted delta of +50. If SPY rise of $1, does it affect my overall portfolio, even if I don't have any SPY position open?

[vijay]

Normally when to adjust positions based on delta of options? Also, What could be best tolerance level most of the traders use for one lot for both put and call options consider strangle or straddle ?

[slashhashdash]

this video (#32 in the playlist) is using beta which is explained in #34.
Was that intentional or should I go watch the beta vid first?

[Aman]

Do you have a segment on call/put spreads?

[slashhashdash]

can we have a link to the show you were referring to at the end of the video?