A manager at an OTC options dealer is reviewing the calculations of an analyst that were used to implement a delta hedge for a long position in a call option. The manager discovers that at the time the hedge was established, the analyst had estimated the delta of the option position as 60,000, but it was really 70,000. If the underlying stock has increased in price since the implementation of the hedge, which of the following statements is correct? | Financial Risk Manager Part 1 Quiz