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Technically, a long call means you're hedged to the downside, and you payed a premium to protect yourself. Those that consider long calls unhedged are usually t
by steveplace 16y ago
Technically, a long call means you're hedged to the downside, and you payed a premium to protect yourself. Those that consider long calls unhedged are usually trading around a complex position (vertical or calendar spreads).
It's not often I get to dump my option geekery on hn.