$SPY $QQQ How do I hedge as a short option trader? Diversity in products, strategies, and duration. Aggressively close and manage positions early and often. Stay mechanical, incremental, and discipline. Beta weigh, pair trade, use intraday futures. Identify risks: size, correlation, gamma (position sensitivity/ portfolio volatility).
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Types of spreads: Backspreads, risk twists, atomics, infinity spreads, synthetic stock replacements. Glad to elaborate. The art of rolling positions: roll up, roll out, roll inverted.
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