Hi guys,
I am looking for the best option hedge for the following:
I will be buying calls just before expiry. Saying $10k worth.
I want to hedge this position with another option play worth $10k.
If the market goes up a lot, I want to profit from the calls.
If the market doesn’t move and the calls expiry worthless, I want the hedge to cover the costs, less fees, and spreads.
Thank you in advance for your help