hedging question hi guys, i know there's a lot of knowledge here. Just wanted to discuss Have a net short exposure of 20k in stocks would like to hedge with calls currently bought 10 spy jan 185 for 0.37 any opinions on this? Thanks
1) You'll have some "protection" in the event of a seasonal Christmas Rally. 2) The market ought to be "weak" the first few days of January with carryover tax selling.