Hedging: Open short position vs selling DITMC...

Which is better?

I get annoyed w/options b/c I cant exit them after hours. So usually I just hedge with a short position. I like doing that better than selling my long.

Is there any pros to selling a deep in the money option over just opening a short position to hedge your long position on a downtrend?

 

u could buy the OTM's equivalent

 

you mean buy a OTM PUT? im not sure what you mean by "equivalent."

 

Example:
If u have a DITM call/put... hedge with OTM put/call
If ur 100 strike call is DITM ... then sell the OTM 100 strike put

p/c parity... synthetics