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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (83032)6/2/2016 3:00:14 PM
From: GROUND ZERO™1 Recommendation

Recommended By
Hawkmoon

  Read Replies (1) | Respond to of 220883
 
Okay, then that looks like it would be 2.66 mini contracts with that Delta... so you could go with shorting 2 or 3 mini contracts depending on how much you want to hedge, 3 contracts would actually put you lightly short... this is presuming my calculations are correct, they seem correct... checking again right now to be sure, the SP futures are again up exactly 2 points and the SPY is now up .29, so using the same formula it looks like 2.66 mini contracts would hedge 20 SPY Calls with a .48 Delta...

I hope this was helpful...

Gee, I love math problems... LOL!!!

GZ