Hedge which is expected to yield a dollar-neutral result of the combined position regardless of price change in any part of the hedge securities . For any convertible trading at a premium, this ratio is less than 100%. The higher the convertible premium, the lower a ratio must be to be neutral. See: delta .
NEUTRAL HEDGE
Meaning of NEUTRAL HEDGE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012