I am doing paper trading every day... The questions I've raised are all very practical detail oriented questions...
Why doesn't it make sense to other people? Delta-hedging is typically done by option writers. I am a retailer investor, and I want to play short term, since it's understood that there is predictory power only for short terms.
When I'm doing a volatility play I'm hedging big time when I'm long options, how else are you going to overcome theta effect ?