How to manage a short VERTICLE call spread in CG futures. Combined DELTA current options and underlying is maybe .15 use stops in underlying in increasing measure example stop at "xx" for 2 lots another stop at "xx" for 3 for a full delta hedge ? c
So you have a position in both the vertical and underlying simultaneously? I'd imagine if you're short a put vertical (for example) you'd be short the underlying to hedge the short contracts in the vertical if you're going to hedge.