Shorted 200 shs of Yahoo! Inc (NASDAQ: YHOO) at $15.70 (delta hedging our call spread)
Yahoo rallied today, seeing a good entry point to hedge half of our delta for the call spread we bought back on Feb 12. We left it unhedge when we first bought it and we decided that it's time to start to hedge a little.
Currently our July 16/20 call spread has a delta of around 40.
so we decided to hedge half of our delta for 200 shs at $15.70
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