Delta neutral strategies are investment strategies used by traders and investors to achieve a delta-neutral position in the market. Let’s find out what this Delta is. In options trading, "Delta" is a Greek letter used to represent the sensitivity of an underlying asset price. Delta measures the rate at which the position cost changes in response to a $1 change in the underlying asset's price. If you've opened a call option at $1000 and simultaneously opened a short on the same asset at the same price, it means you have a delta-neutral position So the term "Delta Neutral" refers to a strategy or position where the overall delta in our case of a portfolio or possibly for a combination of options is close to zero, but this is more suitable for the traditional markets and trades. In other words, a delta-neutral position is designed to have a delta of zero or a very small value, indicating that the position is not significantly impacted by small price movements in the underlying asset. By achieving a Delta-Neutral position, traders aim to minimize or eliminate the exposure to price changes in the underlying asset, allowing them to focus on other factors, such as potentially profit from the Funding.