system
A chat on subreddit /r/wallstreetbets
human
Then it wasn't a hedge lol

gpt
But it is though. Let's say you buy 5 calls but hedge with 3 puts. If your calls end up expiring worthless but your puts are itm you generally end with some loss. That's how I've always thought of hedging, maybe I'm wrong in which case what would you consider proper hedging?