<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1870-6622</journal-id>
<journal-title><![CDATA[EconoQuantum]]></journal-title>
<abbrev-journal-title><![CDATA[EconoQuantum]]></abbrev-journal-title>
<issn>1870-6622</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1870-66222024000100059</article-id>
<article-id pub-id-type="doi">10.18381/eq.v21i1.7324</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Accurate delta hedging of european options using conformable calculus]]></article-title>
<article-title xml:lang="es"><![CDATA[Cobertura delta precisa de opciones europeas usando cálculo conformable]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Olmos]]></surname>
<given-names><![CDATA[Andrés]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Muriel]]></surname>
<given-names><![CDATA[Nelson]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Iberoamericana Departamento de Física y Matemáticas ]]></institution>
<addr-line><![CDATA[Ciudad de México ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Iberoamericana Departamento de Física y Matemáticas ]]></institution>
<addr-line><![CDATA[Ciudad de México ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>21</volume>
<numero>1</numero>
<fpage>59</fpage>
<lpage>69</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1870-66222024000100059&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1870-66222024000100059&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1870-66222024000100059&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract  Objective:  we aim to develop a method for delta hedging portfolios of European options based on the theory of conformable calculus which improves accuracy of risk management of listed options in a first-order approximation.  Methodology:  we allow the time derivative in the classic Black-Scholes-Merton model to have a fractional order  0 &#8804; &#945; &#8804; 1 and calculate the corresponding delta of a portfolio of listed options as a function of this conformable parameter.  Results:  applying this method to a portfolio consisting of eight European options on the SPX index, we find that conformable delta hedging offers more accurate average predictions than classical delta hedging.  Limitations:  this method is applicable for delta hedging in European options only.  Originality:  this is the first successful application of conformable calculus to delta hedging in European options.  Conclusions:  application of Conformable Calculus allows for a greater flexibility in the local approximation to price in delta-hedging European options and offers a new and more precise methodology to this objective.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen  Objetivo:  desarrollar un método para la cobertura delta de portafolios de opciones europeas listadas con base en la teoría del cálculo conformable que mejora la precisión de las predicciones usando la aproximación de primer orden.  Metodología:  permitimos que la primera derivada en el modelo clásico de Black-Scholes-Merton tenga un orden fraccional  0 &#8804; &#945; &#8804; 1 y calculamos la delta correspondiente de un portafolio como función de este parámetro conformable.  Resultados:  aplicando este método a un portafolio conformado de ocho opciones europeas listadas sobre el índice SPX, encontramos que la cobertura conformable genera predicciones más precisas, en promedio, que la cobertura tradicional.  Limitaciones:  este método es aplicable solamente a la cobertura delta (hedging) de opciones europeas.  Originalidad: esta es la primera aplicación exitosa del cálculo conformable a la cobertura delta en opciones europeas.  Conclusiones:  la aplicación del cálculo conformable permite mayor flexibilidad en la aproximación local implícita en la cobertura delta de portafolios de acciones europeas y se ofrece como una metodología novel y de mayor precisión que la tradicional.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[option pricing]]></kwd>
<kwd lng="en"><![CDATA[delta hedging]]></kwd>
<kwd lng="en"><![CDATA[conformable calculus]]></kwd>
<kwd lng="en"><![CDATA[risk management]]></kwd>
<kwd lng="en"><![CDATA[G12]]></kwd>
<kwd lng="en"><![CDATA[G17]]></kwd>
<kwd lng="en"><![CDATA[G19]]></kwd>
<kwd lng="es"><![CDATA[precio de opciones]]></kwd>
<kwd lng="es"><![CDATA[cobertura delta]]></kwd>
<kwd lng="es"><![CDATA[cálculo conformable]]></kwd>
<kwd lng="es"><![CDATA[gestión de riesgos]]></kwd>
<kwd lng="es"><![CDATA[G12]]></kwd>
<kwd lng="es"><![CDATA[G17]]></kwd>
<kwd lng="es"><![CDATA[G19]]></kwd>
</kwd-group>
</article-meta>
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