Delta One

Delta One products are financial derivatives that have no optionality and as such have a delta of (or very close to) one - meaning that for a given instantaneous move in the price of the underlying asset there is expected to be an identical move in the price of the derivative.
Delta one products can sometimes be synthetically assembled by combining options. Delta One trading desks are either part of the equity finance or equity derivatives divisions of most major investment banks. They generate most revenue through a variety of strategies related to the various Delta One products as well as related activities, such as dividend trading, equity financing and equity index arbitrage.
#securitiesfinance #glossary

[@tradingloss]

Delta One, easy, just construct any synthetic, stock/future/rates examples long stock = long call + short put, short stock = short call + long put, synthetic call = long stock + long put, synthetic future = long underlying + short put (underlying), synthetic front month variance rate swap.... JK not gonna construct that here LOL.