Continous hedging as a rachet device to lock-in profits

How will you know I don't? In fact I'm consulting many books, papers, and info on the web on the subject of hedging...
You better should learn to think a little bit logically...

 

because you are talking nonsense ... read Sheldon Natenberg for a start and then you might try J. Baird to get some idea how options market making works ...

 

And I know that I already know more than you. That's a fact!...

 

I used to be an options market maker for an institution and traded an options book for many years for my own account ... so I doubt that ...

 

Good for you, but you don't have the scientific background behind all that what you do/did or even talk...

 

rofl ... I wrote a book about it myself ...

 

And the title is what?

 

it's in Dutch ... so doubt you could read it ...
just start with the books I adviced you, you might get wiser soon than all this 'searching' for papers on the internet ...

 

It is so easy nowadays to have been a "market maker" in the past... ;-)

 

it's so easy to have comments when one hasn't got a clue ...