Hedging is only effective when you don't need it. Sort of like home insurance - you don't buy it when you house is already burnt down - the premiums will skyroc

Hedging is only effective when you don't need it. Sort of like home insurance - you don't buy it when you house is already burnt down - the premiums will skyrocket and it doesn't do you any good. Last week, and Monday afternoon was probably the last opportunity to buy hedge at a decent value.