Hi, I posted a question regarding the best way to hedge GBP/USD exposure through options in the options forums but I didn't get answers (regarding options) so I posted also here. My problem is that I want to buy a GBP stock and I want to hedge against GBP fluctuations vs. USD by using options. In the options forum there were suggestions that I just sell futures, but I prefer to find a solution through options and not through futures. I thought about buying out of the money put on the GBP/USD futures or on the XDB and selling out of the money call to create a collar that will narrow the spectrum of the exchange rates to which I will be exposed. I know it will not be a perfect hedge but I don't search for a perfect hedge. I search for a hedge against substantial changes in the GBP/USD exchange rate. I would appreciate if you can state if this solution sounds reasonable to you or if there are any other possible solutions by using options. Thanks.