Hi, my base currency is USD and I want to buy a stock that is denominated in GBP (and also the company's revenues are in GBP). Considering that I plan to hold this position for a while what are the best ways to hedge my position through options against changes in the GBP/USD exchange rate? I just want to purely hedge my exposure and not to speculate on the GBP/USD exchange rate. Also, I prefer that the hedge will be relatively cheap and therefore I can tolerate reasonable fluctuations of the exchange rates as long as I am not exposed to substantial changes. Thanks in advance for any response.