Answer: 0

## Explanation For out-of-the-money (OTM) put options as expiration approaches: - **Delta measures the sensitivity of the option price to changes in the underlying stock price** - **For OTM put options**: The option is out-of-the-money, meaning the strike price is below the current stock price - **As expiration approaches**: The probability of the option expiring in-the-money decreases significantly - **Delta approaches 0**: Since the option is unlikely to be exercised, its price becomes less sensitive to stock price movements If the options were in-the-money put options, delta would approach -1. For at-the-money options, delta would approach -0.5.

Author: LeetQuiz Editorial Team