Approximate value spy went down

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Use the following information and assume all else is equal: SPY: $414 Call: $1.20 Delta: 0.65 Gamma: 0.10 Speed: .03 What would the approximate value of the option be if SPY went up $2? What would the approximate value be if SPY went down $2?

*Can you walk me through the calculation for this problem?*

Reference no: EM133233525

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