I was looking at the notes and just had a thought, please correct if i am wrong.
Delta of Call (C+)= 0.6
This implied the following:
Delta of Put (P+) = -0.4 (I have no problems with it)
Delta of Short call (c-) = -0.6 and delta of short put(p-)= 0.4
In the above line, the values dont seem to fit in the range of call (0 to 1) and put (0 to -1)
Is this still fine ?
Put our doubt under level 2 category