Hey, Let's say you have a completely hedged position or no position at all. Also, let's say you make markets for a very liquid market such as options on SPX or VIX. Then, the market opens and someone makes a trade against your spread so you are net long/short calls/puts. Few Questions: 1) What is the target time when it comes to how long it takes to hedge your position and lock in a profit? In other words, how much time should it take to hedge your position? And how much time should it take to lock in a profit? 2) In practice, in general how long does it take for you to hedge your position and how long does it take to lock in your profit? 3) What is the longest time it took for you to lock in a profit? Thanks!