Replies to post #9886 on Short Term Trading Member Forum

[BlissBull]

cash - If you want to hedge your 55 calls with a few 60 puts, that would make sense to me. On the other hand, if you are buying as many 55 puts as 60 calls, you will still take a 100% loss if XOM closes between 55 and 60. Why not just buy a few calls? (no big deal)